Discussion

• @lisaabramowicz1 Lisa Abramowicz on x

  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://www.bloomberg.com/...

• @samantar Sam E. Antar on x

  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? $BABA https://www.wsj.com/... via @WSJ

• @cduhaime Christine Duhaime on x

  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://twitter.com/...

• @dakekang Dake Kang on x

  “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." ht…

• @business @business on x

  MORE: China is investigating alleged monopolistic practices at Alibaba Group, escalating a campaign of scrutiny over the country's internet giants. Alibaba's Hong Kong stock slid 3.4% after the announcement. https://www.bloomberg.com/...

• @erinhale Erin Hale on x

  Chinese regulators look into Alibaba, affiliate Ant Group summoned for meetings on competition and consumer rights https://www.wsj.com/...

• @nthusharon Sharon on x

  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 ht…

• @kennedycsis Scott Kennedy on x

  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://www.bloomberg.com/...

• @gordongchang Gordon G. Chang on x

  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://twitter.com/...

• @bloombergasia Bloomberg Asia on x

  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://www.bloomberg.com/... via @BW

• @quicktake Bloomberg Quicktake on x

  “The [Communist] Party is trying to make it clear that Ma is not bigger than the party.” The Chinese government may have just started a regulatory crackdown, but Jack Ma's fall from grace had been years in the making https://www.bloomberg.com/... https://twitter.com/...

• @curtisschin @curtisschin on x

  #China 🇨🇳 #TheEmpireStrikesBack 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://www.bloomberg.com/... @luluyilun & @cocojournalist repor…

• @artjonak Art Jonak on x

  “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://twitter.com/...

• @stegersaurus Isabella Steger on x

  Jack Ma “was advised by the government to stay in the country, according to a person familiar with the matter” https://twitter.com/...