built one of China’s largest business empires from scratch, creating billions of dollars in wealth and introducing digital innovations to hundreds of millions of people. He wasn’t China’s Jeff Bezos, Elon Musk or Bill Gates. He was their peer.
Now he has disappeared almost entirely from public view, in part because of the same go-for-broke drive he shared with the other 21st century tech titans. Technological disruption, once seen as a useful prod for China to catch up with the West, has been recast as a threat to the ruling Communist Party. As a result, Xi Jinping, China’s most powerful leader in decades, is rewriting the rules of business for the world’s second-largest economy.
Mr. Ma failed to keep pace with Beijing’s shifting views and lost an appreciation for the risks of falling out of step, according to people who know him. He tuned out warnings for years, they said. He behaved too much like an American entrepreneur. Mr. Ma’s exit from the world stage followed a typically frank speech in October, when he criticized Chinese regulators for stifling financial innovation. Mr. Xi personally intervened days later to block the record $34 billion-plus initial public offering of Ant Group, Mr. Ma’s financial-tech company. Since then, Ant has been
China is not a capitalist Yun wants to turn Alibaba into the Samsung Group of South Korea.That's never gonna happen.
very much like kim jong un and mao zedong. super horrible.
The only GOD in China ccp_is_terrorist is XJP. No one can challenge him.
TOTAL control. That’s what CCP want.
China is the most violent dictatorship Never trust China dictatorship
一家不了解中国的媒体，又在报道中国新闻了，他们说这就叫专业性。
CCP plunder most of rich and huge companies’s property, who would be derive benefit if those Chief and owner disappears ? China_is_terrorists ChiNazi CCPChina
افغانۍ د تومنو پرلور.
I know that cynicism towards China sells, but the title fails to cover a less cynical yet equally important part of the story in the article - deregulation proposed by Ma & his financial innovations eventually are perceived by the government to be too risky.
Yes, china same Hitler
Jack Ma must pay the price
Sooner or later he will be jailed with a remarkable charge or will be suicided with mentally reason or there will be an accident a tragedy like another tycoon WANG JIAN, of Hai airline.
Trump: are you talking about me?
With 3 billion yuan to create trillions of yuan of financial risk, only need to bear the responsibility of 10 million yuan. You know nothing about capital. Only the Chinese government can protect their people
Can you please pay close attention to P2P Fintech(NASDAQ: JFU) in China? Chinese people put millions of their savings into P2P, but get zero back because of shut down policy. people can do nothing against this policy but being poor and in trouble. They are in urgent need of help.
Well he should migrate to India along with his wealth . We will welcome him .
There are twins deciders in USA, Sleepy Joe and Trump the Great, fight with each other all day long. period.
The writers of this article look like the first generation of Chinese American. They still have a very deep pro-authoritarianism thought in their mind. They just told readers the thing very superficial.
All businesses are run by Xi himself, these jack ma type people are just a play toys for him, it's CCP running all...
He's trying to get a job at KFC. But they won't hire him.
fake news
Is he still alive?
What would happen to the media and parliament if the events in Afghanistan took place during the Trump era ? But now everyone is suffocated because Biden is their own product
obed_bondy See you people 😂
Sick of all these phone, internet, bank etc...oligarchs in Canada and the government can't and won't do anything about it!!!! Good that China is a basic dictatorship so it's not completely run by billionaires
What? wasn't it anti-trust, anti monopoly? which is supposed to be good for ordinary people, right?
马云重新复出，得罪谁也不能影响企业经营。股东的事按照股权分配和内部规则制定执行。马云就应该掌管阿里集团。习近平没那么小气
According to source Xi, seek fortune teller and advised JA, could be the up coming challenging for the party.
There's no greater joy than having financial freedom and a life free debts 😊, that's why I keep posting a comment about ponomereko121
Jack Ma has always just a tool for the CCP. The only one that still hadn't realized that was him...
ahhh it remind me that elon musk complained biden didn't invite Tesla to White House...
No wonder Mark,George and Jeff tow the line for China,in a few more years, it could be them
他的公司最近爆出高管轮奸女员工 是那个女生不顾体面去公司餐厅大闹才捅出来的
Good?
FreeJackMa
Be fair & objective, calling yourself the wall street journal, yet fail to address issues like china loan regulation , turning it into a political i hate china post . where your integrity as a media outlet ?
BITE THE HAND THAT MAKE ALL THE RULES AND FEEDS YOU? and you think nothing will happen to you? y'all play too much
robertojirusta
can't outshine the Emperor!