MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Is Alibaba's founder playing with fire or toeing the line?
By Lulu Yilun Chen @ Bloomberg Technology, June 14
[....] At Alibaba's annual investor day, China's richest man outlined a vision where the company he founded could become the world's fifth-biggest economy by 2036, trailing only the U.S., China, Europe and Japan. Let's just say most entrepreneurs in China wouldn't make that comparison [....]
n Hangzhou, in front of thousands of global investors, Ma planted the flag and claimed that his company would one day become one of the world's most powerful economies by serving 2 billion people and helping 10 million small businesses trade freely on the web. On the face of it, the declaration encapsulates the libertarian dream of empowering individuals and transcending borders. Ma has spent years cultivating an image of a rebel fighting the system, knocking down walls protecting state-owned enterprises and becoming a billionaire in the process.
Yet on closer examination, it's clear that none of Ma's rhetoric ignored the groundwork that has already been laid out by Beijing, whether it's China expanding its footprint in Africa, exploring the ocean frontier in Southeast Asia, or revitalizing the once-famous Silk Road. When Xi Jinping was in Davos talking up global trade, Ma was quick to call (again) for his web-based version of the World Trade Organization [....]