What Happens When A Chinese Tycoon Stands Up Against The Government? Oftentimes You Fall, Hard. |
January 30, 2015 | January 2015 Bond Updates |
In a country where political power easily makes or breaks a company, it is rare to see a private-sector business at loggerheads with a state-level government entity. That’s why the latest brawl between Alibaba, which is China’s biggest e-commerce company and is run by the country’s second richest person, and the State Administration for Industry and Commerce well deserves the intense spotlights that it’s getting. |
View more at: http://www.forbes.com/sites/hengshao/2015/01/29/what-happens-when-a-chinese-tycoon-stands-up-against-the-government-oftentimes-you-fall-hard/ |
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