Ant Group's banking and FinTech debacle : how can Alibaba manage its stakeholders and stage a comeback? /

Alibaba, started by Jack Ma in June 1999, became an e-commerce giant within a decade. In October 2020, the company made news for planning the largest initial public offering (IPO) in history (worth USD 34 billion) for its financial tech company, Ant Group. The IPO failed. What lessons can Alibaba an...

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Bibliographic Details
Main Authors:	Bhattacharjee, Kishore (Author), Prasad, Shikhar (Author), Pandey, Vivekanand (Author)
Format:	eBook
Language:	English
Published:	London : SAGE Publications: SAGE Business Cases Originals, 2023.
Series:	SAGE business cases.
Subjects:	Electronic commerce > Case studies. Business planning > Case studies. Commerce électronique > Études de cas. Business planning Electronic commerce Electronic books. Case studies
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Alibaba, started by Jack Ma in June 1999, became an e-commerce giant within a decade. In October 2020, the company made news for planning the largest initial public offering (IPO) in history (worth USD 34 billion) for its financial tech company, Ant Group. The IPO failed. What lessons can Alibaba and other business leaders learn?The case study attempts to shed light on the probable reasons that led to the fallout of the Chinese retail giant. It also underscores the critical role of Ma and his fintech company, Ant Group, in terms of adherence to the socio-political norms of China (where the company was operating). The case urges the students to analyze critically the importance of managing different stakeholders to any company's success and the corporate obligations of Alibaba in the socio-political system of China. Jack Ma, Alibaba, IPO suspension, Ant Group, Controversy.
Physical Description:	1 online resource : illustrations.
ISBN:	9781529618792 1529618797