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Back to 2019: Are we seeing round 2 of Jack Ma vs Richard Liu?

Summary by Dao Insights
As 2025 progresses, we have been seeing more e-commerce founders returning to the limelight after being coaxed out of semi-retirement. Jack Ma of Alibaba, owner of the Taobao and Tmall Group, has been spotted at the group’s Hangzhou HQ since late last year, and his appearances are becoming more frequent, including at Freshippo and sometimes at Quark AI. Meanwhile, Richard Liu of JD.com, the e-commerce arch-rival of Taobao and Tmall Group, has al…
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Dao Insights broke the news in on Tuesday, March 25, 2025.
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