Time for a new topic. Jack Ma overplayed his hand, prompting a regulatory clampdown by Beijing last autumn - by the very same regulators that he so vocally dismissed.
This isn't good news for him, Alibaba or innovation - Ant Group has managed to develop a novel model of running a financial business based on enormous amounts of data that allowed it to offer relevant investment, credit and insurance products to a billion people.
That is, likely, no more - or at least has been seriously crippled.
But Jack Ma's problems can be an opportunity for companies in other countries in Asia - particularly Singapore, which has long been the hub for business and technology in Southeast Asia.
Presence of major multibillion corporations like Grab or Sea makes it even more significant.
China, on the other hand, may have undermined its companies in a crucial moment in international competition, sacrificing innovation for politics.
https://vulcanpost.com/750664/how-jack-mas-problems-can-help-fintech-in-singapore/
