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These days, because Lei Jun went to take a photo with Elon Musk.
Many people have started to reminisce about the spirited Jack Ma of the past, who joked and laughed with heads of state from various countries.
The date is September 19, 2014, when a Chinese internet company was listed on the New York Stock Exchange.
It was the largest IPO in U.S. history. The IPO valuation was $168 billion. The market capitalization on the closing day reached $230 billion.
That company was Alibaba. Jack Ma rang the bell at the NYSE, surpassing Amazon, eBay, Facebook, and others.
Fast forward to 2020, the peak year for Chinese internet companies.
Tencent's global market value ranked seventh.
Alibaba's global market value ranked ninth.
It was the most glorious era for Chinese companies and entrepreneurs. People believed that Chinese internet companies would continue to shine forever.
But you all know what happened afterward.
Regulatory pressure, anti-monopoly measures, and some unspeakable issues, after that, no Chinese company has been able to break into the top ten in the world again.
So, what are people reminiscing about when they talk about Jack Ma these days?
His spirited demeanor? His dignity?
Perhaps people are just longing for that unreachable peak era.