Quoted: Jack Ma’s IPO regrets

“If I had another life, I’d keep my company private. . . . Life is tough when you IPO.”

— Jack Ma, founder and chairman of Alibaba, speaking at a luncheon at the Economic Club of New York on Tuesday, according to a Wall Street Journal report. While Ma said Alibaba’s record-breaking IPO last year benefited the company in the long term, it also carried with it the burden of demanding shareholders. Ma is in the middle of a weeklong U.S. tour seeking American partners and spreading his company’s vision. Ma dismissed talk that the Chinese e-commerce giant was a threat to American companies such as Amazon and eBay, instead stressing in a Wall Street Journal op-ed that his goal is to open the expanding Chinese market to American small businesses. “I believe in the power of e-commerce to truly level the global playing field, making it possible for the smallest of businesses to reach consumers wherever they may be,” he wrote.

 

At top: Alibaba Executive Chairman Jack Ma speaks during a luncheon of the Economic Club of New York, at the Waldorf Astoria Hotel, in New York, Tuesday, June 9, 2015. (AP Photo/Richard Drew)

 

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