Why Did Xi Jinping Purge Jack Ma?
Commentary
Jack Ma, now China’s fourth-richest man and the former CEO of Chinese e-commerce giant Alibaba, criticized China’s financial system policies at the Bund Summit 2020 in October. Since then, his enterprises have become the target of Xi Jinping.
At first, the listing plan for Ant Group, an affiliate company of Alibaba, was halted on Nov. 3. On April 10 this year, the Alibaba Group was fined $2.8 billion on the grounds that it violated an antitrust law, and Ma’s elite business school, Hupan University, was forced to halt enrolments.
I don’t think Ma’s troubles are over.
华融金融租赁2020年营收净利双降，信用减值损失增六成，存续债券规模百亿
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信用评级遭遇下调危机！中国华融因业绩延迟发布被标普、穆迪列入观察名单
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因延迟发布年度业绩，中国华融被标普列入负面信用观察名单
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