A New Development Between the Chinese Government and Alibaba Founder Jack Ma2 min read

Jack Ma

Recently, the tensions between Jack Ma, the owner of Alibaba, and the Chinese government have started to stretch. The China Morning Post, the Chinese government’s pressure on Jack Ma over Weibo and Bilibili left its mark on the day.

According to the report of The Wall Street Journal, the pressure exerted on Jack Ma, the founder and CEO of Alibaba, has started to increase its violence. Jack Ma, who disappeared for 2 months in 2020, made a video statement stating that they will meet again after the coronavirus epidemic is over.

It is stated that Jack Ma, who frequently criticizes the market regulators and public banks in China for “being behind the times”, was nervous with the government because of these statements. Jack Ma, who creates a serious job employment and income for China, is shown among the richest men in the world.

“Withdraw Alibaba from the media or divest some of its shares”

One of the main reasons for the increasing pressure is China Morning Post and Weibo. Weibo is China’s largest social media platform. However, with Bilibili and the China Morning Post, a huge media dominance is in the hands of Alibaba. On October 24, 2020, Ant Group’s $ 37 billion public offering was stopped by the Chinese government. Immediately after, a comprehensive investigation was launched in China regarding Alibaba.

The reason why Alibaba is under such Chinese raid is shown as Jack Ma’s anti-government rhetoric. Apart from being an entrepreneur, he is shown as one of the rare businessmen acting independently from the Chinese government. It is known that other technology companies share information seriously with the government. Whether Jack Ma sells the companies he has or shares shares is not known, but the possibility of him eventually moving his companies is considered.

What do you think about this issue? Please specify in the comments.

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