The unlikely titan
By Liu Zhihua | China Daily | Updated: 2014-09-24 07:24
A new book on Alibaba Group and its founder Ma Yun promises to rank on top of the plethora published on the subject. Liu Zhihua reports.
Mao Kunlun was delighted when China's leading e-commerce company Alibaba Group Holding Ltd presented the largest initial public offering in history on the New York Stock Exchange on Sept 19 - even though Mao didn't invest in the stock, he knew it would bid well for his company's earnings.
The editor at China's largest private publisher, Beijing Motie Book Ltd, knew it was great news for his company when the Alibaba stock jumped 38 percent from $68 to $93 on the first day because the publisher had a few days ago released a book on Alibaba's founder Ma Yun, who has become China's richest man since the IPO.
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