Jack Ma Vs The Party: Inside the collapse of the world's biggest IPO

Jack Ma Vs The Party: Inside the collapse of the world's biggest IPO

Photographer: Qilai Shen/Bloomberg

Three years ago, on Nov. 11 — the date of Singles’ Day, the Alibaba-led shopping extravaganza — Jack Ma released a short film. A slick, 22-minute production titled “Gong Shou Dao” (“Martial Arts as Defense”), it follows the diminutive Ma as he encounters a series of ever-more towering opponents, from screen idol Jet Li to a Mongolian sumo wrestler.