Jack Ma’s rehabilitation may be the most lucrative of all time. China’s Communist Party has a history of purging and then welcoming back senior officials. Deng Xiaoping was purged three times before leading the country out of Maoism in the late 1970s. Some cadres are welcomed back years after their death. Jack Ma, Alibaba’s founder, received the modern version of a purge in 2020. The initial public offering (IPO) of his fintech company, Ant Group, was canceled. Alibaba was probed and handed a record fine. Mr. Ma withdrew from public life. — news from The Economist
