For decades, Jack Ma was always a few steps ahead of the Chinese state. His vision, entrepreneurial spirit and determination set the standard for internet commerce in the world and digital payments. With his online empire, Alibaba, Jack Ma eclipsed the achievements of Chinese technocrats. His success culminated in the largest new issue in history in 2014, when his digital trading platform raised $25 billion on the New York Stock Exchange, another $3 billion more than Agricultural Bank of China, a state-owned enterprise, had raised four years earlier.
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