He also notes that the chance of success for new entrepreneurs is smaller now than for the earlier generation made of such superstars as Robin Li of Baidu and Jack Ma of Alibaba.

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People like Li YanHong and Robin Li, founders of Baidu.com, or famed entrepreneur Jack Ma, founder of Alibaba group, which owns the most popular e-commerce sites, or Pan Shiyi and wife Zhang Xin, the Donald Trumps of China.

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