How Xi Jinping Ruined Jack Ma's Life?

China Insider TV
China Insider TV
242 người theo dõi
15 Lượt xem video·15 thg 9, 2024

Jack Ma’s fall from grace began in 2020 when he publicly criticized China’s financial regulatory system, which was seen as a direct challenge to the government. This criticism came just before the anticipated IPO of Ant Group, Alibaba's financial arm. In response, the Chinese authorities halted the IPO, which would have been the largest in history, and launched a series of regulatory investigations into Ma’s businesses. Many speculate that Xi Jinping viewed Ma’s growing influence as a threat to the CCP’s control over the economy and society.