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How Jack Ma and Alibaba Are Transforming China's Economy

Alibaba (BABA - Get Report) founder Jack Ma is an icon in China because he is helping change the country from a 'Made in China' model to a 'Bought in China' future, said Duncan Clark, author of Alibaba.

"Chinese middle-class consumers are increasingly enjoying the fruits of economic development and they identify a lot of that with Jack Ma," said Clark.

Clark is a former Morgan Stanley (MS - Get Report) investment banker who has lived and worked in China for over 20 years. He worked as a consultant to Alibaba in the company's early years. He founded the investment advisory firm BDA China and has served as a visiting scholar at Stanford University where...


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