SHANGHAI -- Jack Ma, the 56-year-old founder of Chinese internet group Alibaba, officially retired from management in September. The change marks a new era for the country's internet industry, in which companies led by the "second-generation" of entrepreneurs aged around 40, are seeing fast growth.
One of this new wave is Wang Xing, the 41-year-old chief executive of Meituan, the Chinese online platform known for food delivery services, who in July publicly criticized the magnate of China's internet industry.
