In yet another blow to Alibaba co-founder and billionaire Jack Ma, the Chinese state media on Tuesday removed his name from list of the country’s pioneering tech giants. Ma’s archrival and Ali Baba’s co-founder Pony M was lauded by , who the Shanghai Securities News for “rewriting the mobile age”.
According to Bloomberg, Beijing’s official newspaper carried the editorial on the same day Alibaba Group Holding Ltd. was scheduled to unveil its earnings. The list prepared by Chinese media mentioned BYD Co. Chairman Wang Chuanfu, Xiaomi Corp. co-founder Lei Jun and Huawei Technologies Co.’s Ren Zhengfei and other tech tycoons.
“A generation of Chinese entrepreneurs emerged from the rigid structures of our old economic system with the desire to escape poverty and passion to achieve business ambitions. They have breathed new life into China’s economic reforms,” the newspaper, which is backed by the official Xinhua News Agency, wrote.