Beijing is seeking to assure tech sector crackdown has passed as questions remain about direction of regulatory policy.
Beijing is seeking to assure tech sector crackdown has passed as questions remain about direction of regulatory policy. Justin Sun’s biggest lesson from his mentor, Alibaba Group founder Jack Ma, was how to use shared values to scale up a company quickly and manage larger and larger numbers of employees. “We learned a lot from Alibaba and Jack Ma about trying to adapt our business,” Sun, the founder of global cryptocurrency network Tron, told Al Jazeera Channel in a recent interview. Sun, 32, and Ma, 58, represent different generations of Chinese entrepreneurs. But they have both navigated choppy regulatory waters amid a years-long campaign by the Chinese government to roll back the influence of its tech giants. Ma, once the poster child for China’s entrepreneurship-fuelled economic growth, saw the initial public offering of his Ant Group – which at $37bn would have been the world’s largest – abruptly cancelled by Chinese regulators in November 2020, marking the onset of a broad regul