Crackdown On Jack Ma Risks Backfiring On This China Plan Crackdown On Jack Ma Risks Backfiring On This China Plan The Jack Ma incident could be a turning point for China s tech sector, says Rebecca Fannin, founder of research group Silicon Dragon Ventures.
Jack Ma s stature in China before the clampdown was hard to overstate. (File)
In barely 40 years, China has dramatically opened up its economy and become one of the world s primary growth engines. Now, President Xi Jinping is making ambitious plans to pull ahead of rivals by turning his country into a digital powerhouse. But Xi s drive toward tech dominance is being threatened by an unexpected speed bump: China s forceful crackdown on Jack Ma s business empire.
World News: Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
2021/02/02 19:00 Jack Ma, founder of Chinese e-commerce firm Alibaba Group, attends a conference to commemorate the 40th anniversary of China s Reform and Opening Up p. Jack Ma, founder of Chinese e-commerce firm Alibaba Group, attends a conference to commemorate the 40th anniversary of China s Reform and Opening Up policy at the Great Hall of the People in Beijing, Tuesday, Dec. 18, 2018. Ma hasn t been seen since he angered regulators with an October 2020 speech. That is prompting speculation about what might happen to the billionaire founder of the world s biggest e-commerce company. (AP Photo/Mark Schiefelbein) Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media - the snub underscoring how just far he has fallen out of favor with Beijing.
Bad omen for Jack Ma? Alibaba founder removed from Chinese media s top business leaders list
The Shanghai Securities News has conspicuously ignored the name of Jack Ma in its front-page commentary while it lauded other leading businessmen in bringing technology revolution in the country
BusinessToday.In | February 2, 2021 | Updated 12:42 IST
Jack Ma, a ruling Communist Party member, stepped down as Alibaba chairman in 2019. (Photo: Reuters)
Alibaba Group founder Jack Ma has been delisted from Chinese entrepreneurial leaders list published by the country s official state media. The Shanghai Securities News has conspicuously ignored the name of Ma in its front-page commentary while it lauded other leading businessmen in bringing technology revolution in the country.
By Reuters Staff
2 Min Read
SHANGHAI (Reuters) - Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media - the snub underscoring how just far he has fallen out of favour with Beijing.
China’s best known businessman was not mentioned in an front-page article published by the Shanghai Securities News. Instead Huawei Technologies’ Ren Zhengfei, Xiaomi Corp’s Lei Jun and BYD’s Wang Chuanfu were lauded for their contributions.
It was published on Tuesday when Alibaba will also report its latest quarterly earnings. The e-commerce giant did not immediately respond to a request for comment.