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Alibaba founder Jack Ma is helping African start-up entrepreneurs to learn from his company’s successes in China and apply that knowledge at home It did not take very long for Lars Veul to decide. After all, an invitation from Jack Ma, China’s most successful tech entrepreneur, who founded Alibaba, an e-commerce group with a $580bn market capitalisation, does not arrive every day.
Alibaba has already had a terrible first year since its IPO: Its shares are down 28%. But one well-known hedge fund manager has a suspicion that, if true, could potentially destroy Alibaba’s stock completely. In a post on his blog this week, Bronte Capital hedge fund manager John Hempton laid out reasons why the Chinese e-commerce company’s delivery figures seemed fishy.
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