But the entrepreneurial spirit in China is dead. Jack Ma gives up his power and most likely will recede into the shadows. There's only room for one larger-than-life personality in China (hint - he looks like Winnie the Pooh).
Why would any outside capital firm invest in Chinese startups now? If innovation is the engine that drives an economy - then I think we've just seen the end of most innovation from China. They can still steal technology but gone are the days of the launch of an Alibaba.
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