Jack Ma, one of China’s leading internet entrepreneurs, is finally ready to emerge from the shadows of his dominant foreign partners to claim full control of the online empire he has created.
“It feels like a real moral victory,” says one unbiased observer who had a ringside seat on the weekend deal that, if completed, will set Mr Ma free.
The agreement that secured Mr Ma’s release, announced early yesterday morning in China, entails Yahoo selling half its 40 per cent stake in Alibaba back to the company for $7.1bn
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