Alibaba Billionaire Jack Ma Returns To Spotlight, Praises Company Leaders Amid Massive Restructuring

ToplineAlibaba cofounder Jack Ma endorsed the Chinese giant’s sweeping restructuring efforts and praised company leadership in a memo to employees, according to news reports, prompting a surge in shares and marking a rare return to the spotlight for the billionaire after spending years lying low in the wake of a dramatic clash with Beijing.Ma, one of China’s wealthiest people, said Alibaba had made “countless mistakes” in the past Getty Images Key FactsMa, in a roughly one-page memo posted on the company’s ...