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Jack Ma

Jack Ma

Co-founder, Alibaba and Ant Group

Appears in 1 story

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China passes its first law dedicated to the private economy

Rule Changes

Rehabilitated public figure after years out of view

China's private firms build most of its products and hire most of its city workers. On April 30, 2025, they got their first law written specifically to protect them. The Private Economy Promotion Law passed the National People's Congress Standing Committee and took effect May 20.

Updated Yesterday