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Shuli Ren

Jack Ma’s Blunt Words Just Cost Him $35 Billion

China just showed the billionaire who’s boss in derailing fintech giant Ant Group’s monster IPO. Regulators might do better to heed his words instead.

If Jack Ma says systemic risk is not China’s Achilles heel, hear him out. He could be part of the solution.

If Jack Ma says systemic risk is not China’s Achilles heel, hear him out. He could be part of the solution.

Photographer: Anthony Kwan/Bloomberg
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Jack Ma is a very busy man. 

China’s richest man has been busy launching the world’s biggest IPO. He has been busy preparing for Alibaba Group Holding Ltd.’s grandest four-day Double Eleven shopping extravaganza. And yet two weeks ago, Ma somehow found the time to opine on China’s banking system at a high-profile financial forum in Shanghai, once again throwing himself into the eye of the storm.