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How Alibaba's Jack Ma became the role model for China's startup generation

Jack Ma's personal story is now the stuff of schoolyard legend

Jack Ma
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Jack Ma during a Bloomberg Television interview on Sept. 5, 2018 | Photo: Bloomberg

Lulu Yilun Chen & David Ramli | Bloomberg
Long before he became China’s most globally prominent business figure, Jack Ma was just an English teacher trying to persuade his friends that they would one day buy things over the internet.

His vision changed China. As Ma makes plans to leave Alibaba Group Holding Ltd., his legacy will be an enduring one. He did far more than just create and build an e-commerce juggernaut into the most valuable company in Asia, impressive as that may be.

He showed that an innovative private enterprise could thrive under a Communist Party regime once hostile, and still at times suspicious, of ambitious capitalists. To