Jack Ma, Trump and Xi: How Chinese billionaire flew close to the sun

Jack Ma, Trump and Xi: How Chinese billionaire flew close to the sun

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By Julie Zhu and Kane Wu
HONG KONG (Reuters) – This was supposed to be Jack Ma’s finest hour: a year ago to the day, his Ant Group was meant to go public in a $37 billion blaze of glory. Instead Beijing reined in his empire, abruptly clipping the wings of corporate China’s biggest star.
Now, to the cautious cheer of investors, the billionaire Alibaba e-commerce tycoon is taking his first tentative steps back on to the global stage with a low-key trip to Europe where he’s cultivating like horticulture.
It’s a far cry from the height of Ma’s statesman-like powers in 2017 when he travelled to New York to meet President-elect Donald Trump for one-on-one talks in Trump Tower days before inauguration and promised to create a million American jobs.

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