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Foreigners—and some #Chinese like #JackMa—try to forget that a communist party rules #China. Every so often the #CCP reminds them who’s boss. #Ant #CCPChina https://t.co/Q4NTJlx6vd
— Gordon G. Chang (@GordonGChang) December 23, 2020
The Chinese regulators have more balls than their American counterparts. The SEC's investigation of Alibaba under Chairman Jay Clayton has gone nowhere for almost 6 years. Could for the reason be Clayton was Alibaba's lawyer?$BABAhttps://t.co/2SPGEarZ8T via @WSJ
— Sam E. Antar (@SamAntar) December 24, 2020
The attack on Alibaba has a lot of similarities to the crackdown in Hong Kong: both had been building for a while, are meant to solidify the CCP’s power, are justified by technical legal language, and will hurt China’s economic vibrancy. https://t.co/1wJ2HFWZPb
— Scott Kennedy (@KennedyCSIS) December 24, 2020
Chinese billionaire Jack Ma dropped from public view after Ant’s IPO collapsed. But his spectacular fall from grace has been years in the making https://t.co/OtbXvJEktv via @BW
— Bloomberg Asia (@BloombergAsia) December 23, 2020
“The [Communist] Party is trying to make it clear that Ma is not bigger than the party.”
— Bloomberg Quicktake (@Quicktake) December 23, 2020
The Chinese government may have just started a regulatory crackdown, but Jack Ma’s fall from grace had been years in the making https://t.co/nu3OIkdTuz pic.twitter.com/4EhHHzOOVx
Chinese govt is very fascinated in Ant Group. China’s always worried about how the west views their corporations - what’s in this one that concerns President Xi? https://t.co/hGqplz0F6U
— Christine Duhaime (@cduhaime) December 24, 2020
“Beijing [The Chinese Communist Party] has lost patience with the outsize power of its technology moguls, increasingly perceived as a threat to the political and financial stability President Xi Jinping prizes most.” https://t.co/NdfEFIsDI1
— Art Jonak (@ArtJonak) December 23, 2020
"Fair competition is the core of the market economy", while monopoly "distorts allocation of resources, harms the interest of market players and consumers, and kills technological advancement," said the People's Daily, the official newspaper of China's ruling Communist Party.” https://t.co/IKxGXdfE7H
— Dake Kang (@dakekang) December 24, 2020
Chinese regulators look into Alibaba, affiliate Ant Group summoned for meetings on competition and consumer rights https://t.co/RjA1zFg2Bt
— Erin Hale (@erinhale) December 24, 2020
Jack Ma “was advised by the government to stay in the country, according to a person familiar with the matter” https://t.co/9YlupfUvvz
— isabella steger (@stegersaurus) December 23, 2020
#China ??#TheEmpireStrikesBack
— ??Curtis S. Chin (@CurtisSChin) December 24, 2020
As of Dec., w/ his empire under regulatory scrutiny, Jack Ma—the man most closely identified w/ the meteoric rise of China Inc.—was advised by the government to stay in the country…https://t.co/LC1R4fraH7@luluyilun & @cocojournalist report.
MORE: China is investigating alleged monopolistic practices at Alibaba Group, escalating a campaign of scrutiny over the country’s internet giants.
— Bloomberg (@business) December 24, 2020
Alibaba’s Hong Kong stock slid 3.4% after the announcement. https://t.co/t0E5GmmMMo
Xi is truly vindictive...reminds me of ancient Chinese humiliation techniques such as: whipping of the corpse (鞭屍)". After humiliating Jack Ma by stopping his mega Ant IPO *and* sneering at him in State Media, this investigation is just another indication of how Xi resents him https://t.co/WN4qzwAC1P
— Sharon (@nthusharon) December 24, 2020
Interesting read. Ant financials scale and scope with smart technology and a very small workforce mark a tech advance with lots of insights. @klakhani writes about it in his book, Competing in the age of AI. https://t.co/HUYghejCwa
— Dr. Tsedal Neeley (@tsedal) December 24, 2020
Jack Ma's very public rebuke is a warning Beijing has lost patience with the outsize power of its technology moguls, increasingly perceived as a threat to the political and financial stability Xi Jinping prizes most. https://t.co/ppv6SuHxbM
— Lisa Abramowicz (@lisaabramowicz1) December 24, 2020
For all of China’s economic success, a long-running resentment of the rich, sometimes called the wealthy-hating complex, has long bubbled below the surface. With Jack Ma, the co-founder of Alibaba, it has emerged with a vengeance, writes @liyuan6. https://t.co/9VXdBXpqmv
— The New York Times (@nytimes) December 24, 2020
2020's Christmas dissident is ... Jack Ma https://t.co/kYDfTSnspB
— Raymond Zhong (@zhonggg) December 24, 2020
Wow. This will be interesting to watch.https://t.co/Q4IxXqKlCk
— Tanay Jaipuria (@tanayj) December 24, 2020
Beijing strives to level the playing field for merchants big and small.https://t.co/7DWEbuPNNC
— Happy Holidazed (@BonitaEsBalding) December 24, 2020
これだけ読むと中国のプラットフォーム規制の内容は少なくても表向きはまとも?
— ふれぶる? (@furebullwan) December 23, 2020
Beijing lectures e-commerce platforms in new antitrust warning to Big Tech https://t.co/WTwHKZRBjf
$TCEHY $PDD $BABA Beijing lectures Alibaba, Tencent, Meituan and Pinduoduo in new antitrust warning to Big Tech https://t.co/qe6BnfS2rN
— North Bluff Capital (@bluff_capital) December 23, 2020
Because the CCP does not allow anyone else to have too much power. https://t.co/kyiWOnq8BP
— Dan Harris (@danharris) December 25, 2020
My first column since July 1. “A look beneath the surface shows a deeper and more troubling trend for both the government and the entrepreneurs who powered the country out of its economic dark ages over the past four decades.” An important moment for China https://t.co/xxjJwZs7ZI
— Li Yuan (@LiYuan6) December 24, 2020
Why China Turned Against Jack Ma https://t.co/9TLbzIR6pI
— Pratik Poddar (@pratikpoddar) December 25, 2020
Why China Turned Against Alibaba's Jack Ma https://t.co/be1ziuXNrD
— Ahmednasir Abdullahi SC (@ahmednasirlaw) December 24, 2020
Quoting the news, “some pro-market people in China worry that the country is drifting toward the hard line of the 1950s, when the party eliminated the capital class, using language that compared capitalist leanings to impurities, flaws and weaknesses.”https://t.co/W2KAs5GfI7
— Eileen Chang ?⛑????? (@EileenEChang) December 25, 2020
Alibabaの独禁法での調査にあわせ、NYT紙はジャック・マー氏のイメージの変化を指摘（興味深い）
— イシケンTV / The HEADLINE 編集長 / 石田健 (@ishiken_bot) December 25, 2020
✔︎ これまで成功の代名詞として愛されていた同氏、国内のイメージが悪化
✔︎ 表面的には政府による批判にあわせて公的イメージも下落
✔︎ しかし問題は、中国の格差だとhttps://t.co/1CV4ZSSFFZ
$BABA
— ?eilani Pips™ (@PipsToDollars) December 25, 2020
Why China Turned Against Jack Ma https://t.co/VsTPNn7aij
Why China Turned Against Alibaba's Jack Mahttps://t.co/xkyA1FX37Y
— Josh Caplan (@joshdcaplan) December 24, 2020
Beijing has opened an antitrust investigation into Alibaba, the e-commerce giant, as part of wider moves against Jack Ma’s business empire. https://t.co/KP9cupmPNs
— Kleptocracy Initiative (@KleptocracyIntv) December 24, 2020