Alibaba surges as comeback for Jack Ma’s empire takes hold

“This is the kind of opportunity for industry transformation that really only comes about once every several decades,” Alibaba’s CEO told analysts.

Jack Ma runs beside a truck

Jack Ma, founder of Alibaba Group, attends a dinner with medical workers, who worked on the frontline of the battle against the novel coronavirus in Central China’s Hubei province, at a hotpot restaurant on June 6, 2020 in Hefei, Anhui Province of China.

Zhang Yazi / China News Service—Getty Images