Founder Jack Ma has not been seen for more than two months since Beijing called a halt to the Ant Group’s IPO and imposed an anti-monopoly investigation on Alibaba, and speculation about his whereabouts and the fate of Ali’s business empire has been rife. Some media reports say that in December last year, Jack Ma has successfully fled through the St. Kitts passport.
The specific escape process is said to be well-documented, Ma first went to Shenzhen, and then went to Hong Kong through a private yacht. After that, the Caribbean island country of St. Kitts passport to Singapore. The report said that Jack Ma has a large number of personal overseas assets in St. Kitts, although St. Kitts, the country also joined the CRS (financial account tax information automatic exchange standards), but the local tax is low or tax-free, Jack Ma holds a St. Kitts passport, as the country’s tax residents, financial account information outside the exchange back to China, to avoid a large number of Chinese personal tax and asset monitoring.
This is the first version of Jack Ma’s flight today, the truth or fiction to be verified by time. Now there is a second version, which is that Ma has appeared in Hong Kong, also as the major news of Ma’s appearance.
On January 8, Hong Kong entertainment mogul Lin Jianming died of lymphoma in Happy Valley Sanatorium at the age of 83. After the joint announcement of his company, half of the Hong Kong entertainment industry went and Ma showed up. Some media also took the trouble to publish a photo of Jack Ma. But so far the gossip and small media reports have, no big media reports, at least Ma’s South China Morning Post is not reported. So this statement is not reliable. Besides, even if Jack Ma arrived in Hong Kong, it can not be considered a real escape. After all, Hong Kong after the National Security Law is no longer a free place, everywhere is a red terror.
So whether Ma is currently trapped in the country, on trial or in jail, or whether he has really escaped, it seems only Xi Jinping knows, and we can only wait for news.
Ma is not sure if he has really escaped though. But in recent days, another of China’s richest people did run out, by way of immigration. Run fast, good world, although last year the country has been collecting passports on a large scale, and many people have been unable to get out. For example, recently Chinese dissident Guo Feixiong was forced to write a letter to Li Keqiang because his passport was collected and he could not get out because he wanted to accompany his wife who was seriously ill in the United States. Of course this is a special case, but the current domestic can immigrate out, or can catch the last train, so to speak, requires extraordinary courage and wisdom.
Recently, another domestic tycoon immigrated, and his family of six had five people who successfully got American citizenship. This tycoon is Li Xiaoming, the beneficial owner of Enjet. Li Xiaoming, by virtue of Enjie shares, is worth as much as 29 billion in this year’s Hurun ranking, sitting firmly in the position of the richest man in Yunnan. According to the 2019 annual report published to the public by Enjie shares, Enjie’s net profit for the year 2019 was as high as 850 million yuan, with operating income of 2.58 billion yuan in the first three quarters of last year, up 22.55% year-on-year, and net profit attributable to shareholders of listed companies of 643 million yuan, up 1.85% year-on-year.
Li Xiaoming, the actual controller of Yunnan Enjie New Materials Co., Ltd (web photo)
In the shareholder list, it is easy to find that, in addition to Li Xiaoming’s brother, his wife, daughter, son and sister-in-law have successfully become “Americans”, although Li Xiaoming’s brother has not yet successfully joined the U.S. citizenship, but has successfully applied for a U.S. green card, which means that Li Xiaoming’s family of six can live in the United States for years. This means that all six members of Li’s family can live in the U.S. for years. As the richest man in Yunnan, Li Xiaoming is particularly protective of his family’s information, and so far information about Li’s family is very scarce on all major platforms.
Li was born in the 1950s, but he was a highly talented student with real talent. After graduation, Li Xiaoming successfully entered the Kunming Plastics Research Institute and was promoted to the position of deputy director after only two years of experience due to his outstanding performance.
In 1989, Li went to the United States alone to study at the Massachusetts Institute of Technology. After returning from his studies, Li pulled his brother together to start a business, and with the efforts of the two of them, the Hongta Plastics Company was founded. At that time, the market for the production of cigarette packaging film manufacturers are few and far between, the establishment of the company soon recruited many large brands of tobacco customers, such as Red Tower, Red River, etc. In 2006, business is booming Li Xiaoming and the successful acquisition of “one of the big guns” – – Yuxi Innovative Color Printing Company. -Yuxi Innovative Color Printing Company, after the acquisition, Li Xiaoming renamed it as Innovative shares, and under Li’s leadership, Innovative shares were successfully listed in A-share in 2016.
China’s leading wet process diaphragm for lithium batteries: Yunnan Enjie New Materials Co., Ltd (Enjie) logo (web image)
In 2018, Li successfully acquired Shanghai Enjie New Materials Co. for 5 billion, also in this year Enjie and Innovation were integrated and Innovation shares were renamed as Enjie shares. In the same year, Li’s value also grew, and in two years, Li successfully doubled his value from 5.5 billion yuan to about 5 times as much as 29 billion yuan. Such a rapid growth in Li’s value cannot be separated from the success of Enje’s business. Enje’s main business is the production of lithium battery separators. With high quality and cost performance, Enje’s lithium battery separators occupy about 31% of the domestic market share. In addition, the customers who cooperate with ENGIE are not only domestic BYD, Lixin, etc., but also many foreign famous customers, such as Samsung, Panasonic, etc.
In the first three quarters of 2020, EnJet’s revenue has exceeded 2.581 billion yuan, an increase of 22.55%. As of December 31, the market value of Enjay’s shares alone had reached 124.6 billion yuan. Today Li Xiaoming and his concerted action partners hold 47.82% of the shares, in other words, a family fortune of 59.5 billion yuan. All told, from the company’s share price of 50 yuan at the beginning of the year to nearly 140 yuan today, the share price has risen nearly three times. In fact, for those who often follow the list of domestic entrepreneurs, it is not difficult to see that many outstanding domestic entrepreneurs have now changed their nationality. Some are for their children’s education, some for business expansion, some for overseas listing, and some for tax avoidance.
For example, Zhang Yong and his wife, the founders of Seabed Rao, had immigrated to Singapore before the company went public, and last year they managed to sit on the top richest position in Singapore; Zhang Xin, who founded SOHO together with Pan Shiyi, has become a U.S. resident, and several of his sons are also citizens of European and American countries; Sun Hongbin, the chairman of Sunacron, and Duan Yongping, the chairman of BBK, are now both U.S. citizens. By becoming foreigners, Chinese companies have also become Sino-foreign joint ventures.
Back to the reality of China, for the rich, villas and luxury cars have become a “commonplace”, and many are considering the freedom of asset allocation, the freedom of education for their children, and even the freedom of nationality. Rather than freedom, it is more like the pursuit of wealth and physical security. The aforementioned tycoons, which is not the hope that the money they earned several lifetimes can not be spent, intact preservation and inheritance it? There is no rule of law in the country, no protection of property rights, these tycoons are certainly clear, as long as the money is still in China, sooner or later will be playing the landlord to share the land. This is the main reason why they have chosen to emigrate, take foreign passports and set up trusts overseas.
According to the “World Migration Report 2020” released this year, the number of immigrants last year was as high as 272 million, of which more than about 40% belong to Asian countries. The country with the highest number of immigrants was India, while China came in third place. In addition, the group of millionaires who immigrated from China in 2018 took the first place in the world’s millionaire immigrants. As you can see, immigration has become mainstream both among ordinary families and rich people. And the United States has always been the most popular country in the world for immigrants to move in. No matter how much the war wolves and pinkos of the Chinese Communist Party smear the U.S., they can in no way cover up the light of the U.S. The flow of population is in fact the most telling.
Recent Comments