Alibaba Group Holding Ltd Chairman Laments Going Public


Alibaba founder Jack Ma is probably the only business tycoon who regrets raising $25 billion in a single day in the world’s largest IPO. Speaking at the Economic Club of New York on Tuesday, Jack Ma said if he could do it all over again, he would keep Alibaba private. “If I had another life, I’d keep my company private,” Ma said during a luncheon.

Life is much worse after the IPO

Alibaba’s executive chairman is on a U.S. trip to woo small businesses. He encouraged the U.S. small businesses to sell goods to China’s growing middle-class via Alibaba’s platforms. Ma said most large U.S. corporations have built a strong presence in China, but it is not equally easy for small businesses. Alibaba could help them meet Chinese consumers’ growing demand for foreign goods.

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Ma said life was difficult for the e-commerce giant even before its record-breaking IPO. And now it is “much worse” after the IPO. Of course, the public offering gave Alibaba more capital to acco