But lately, public sentiment has soured, and Daddy Ma has become the man people in China love to hate. At the same time, government officials are continuing to circle Ant Group, the fintech giant that Ma had spun out of Alibaba. Young people who have borrowed from a new generation of online lenders, like Ma’s Ant Group, have debts they increasingly resent. “But it’s doubtful you can have both.”His firm is an investor in Ant Group, and he sits on Ant’s board. Jack Ma is just saying,” read the headline of a 2010 opinion piece in the China Business News newspaper.

Source: bd News24 December 24, 2020 22:30 UTC