William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
World's biggest IPO, but the success of Jack Ma's empire is not a given


Beijing pays very close attention to Jack Ma's fealty to the motherland. © AP
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."