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Brooke Sample

The Speech That Sunk the World's Biggest IPO

Jack Ma had some eyebrow-raising words for Chinese regulators, but they should probably be listening to him instead of dressing him down.

Maybe he’s not wrong.

Maybe he’s not wrong.

Photographer: David Paul Morris/Bloomberg

Jack Ma is a very busy man. 

China’s richest man has been busy trying to launch 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.