Huang Guangyu, the founder of Gome and former richest man in China, regained his freedom on the 16th, and on the first opening day after the Chinese New Year on the 18th, Huang sent an open letter to the group internally saying that the company should love the country and the party.
Several Chinese media reported that Huang Guangyu said he would strive to use the next 18 months to restore Gome’s original market position. Huang Guangyu served 10 years in prison, but still ambitious, some analysts say from his open letter to the group’s internal, the former richest man in China, know that in order to rise again, first to “understand the great righteousness”.
The “deep understanding of righteousness” is to show loyalty to the party. According to the Hong Kong Economic Times, Huang Guangyu in an open letter sent to the group’s internal high-profile statement: corporate development should be under the leadership of the Party, closely linked to national prosperity, national prosperity, and social responsibility.
The words in Huang Guangyu’s letter fit well with the spirit of Xi Jinping‘s speech, saying that this year is the new start of the 14th Five-Year Plan and the country and the industry have entered a new stage of high-quality development, which is a new opportunity and responsibility given to Gome in the new era.
Huang Guangyu also said in the letter, as the longer you run a business, the more you can deeply appreciate the significance of patriotism and love of the party, law-abiding business, entrepreneurship and innovation, and giving back to society for the long-term development of the enterprise.
Some netizens flirted with the idea that instead of saying that Huang Guangyu “the longer he runs his business”, the more he appreciates the importance of patriotism and love for the party, it would be better to say that after ten years in prison, Huang’s sobered up and realized that in China, private entrepreneurs who are capable and competent must first lean on the party, lean on it and lean on it again, otherwise they will not achieve anything and even lose their reputation.
Analysts quoted by Free Asia pointed out that Huang Guangyu has been in jail for 10 years and may have realized the reason of “love the party and love the country”? He just wants to say “I submit, follow the party” gesture, the Chinese Communist Party needs this is also this.
The Central News Agency reported that Huang Guangyu’s high-profile expression of loyalty to the Party and patriotism reminded many analysts and netizens of Alibaba founder Jack Ma, suggesting that Ma’s retail empire might be challenged again.
Private entrepreneurs are not only Ma Yun, but also Chinese real estate tycoon Ren Zhiqiang, who criticized Xi Jinping as a clown and was sentenced to 18 years in prison; Wu Xiaohui, chairman of Anbang Group, was stripped of his assets overnight and sent to jail, with his mother calling out outside the prison without being allowed to see him. There are also some entrepreneurs who have come into the party’s sights one after another.
Analysts say that allegiance to the party is crucial, especially as the Chinese Communist Party begins a new round of anti-capitalism. Huang Guangyu fears that his re-emergence at this Time is not very favorable to private entrepreneurs, as the General Office of the CPC Central Committee issued a document a year ago asking private entrepreneurs to “listen to the Party, follow the Party, and be politically clear”. The Ministry of Propaganda even stated bluntly that it would “resolutely guard against the risk of capital manipulation of public opinion”. Xi Jinping called for “strengthening anti-monopoly and preventing the disorderly expansion of capital” in early December last year.
Alibaba founder Jack Ma’s influence is undoubtedly greater, which makes him potentially more dangerous as well. Last year, his Ant Financial Services was supposed to go public in early November, the world’s largest IPO, when it was suddenly called off in an emergency. The Wall Street Journal later reported, citing well-informed sources, that the Communist Party secretary general was furious after seeing Ma’s October speech in Shanghai’s Lujiazui criticizing China’s financial regulatory system, and that Ant Financial’s IPO was called off urgently, with his whereabouts immediately unknown. The same media recently reported that Xi Jinping cracked down on Ma’s Ant Financial listing for another major reason, finding that Jiang Zemin’s grandson and Jia Qinglin’s son-in-law both have shares in the company, a combination of money and power, and a super private entrepreneur with a red second or third generation, which Xi Jinping is very squeamish about.
In early November last year, the Ant Group’s listing plan was put on hold, and the authorities opened a case to investigate Alibaba’s monopolistic behavior, Ma disappeared, but Ma at least did not fall into the worst fate, January 20, “Ma Yun Public Welfare Foundation” held the “rural Teacher Award” The award ceremony, Ma Yun through the video link speech.
Ma’s whereabouts were then unknown, and some suspect he was placed under house arrest, but it is generally believed that Ma may be avoiding the wind, but officials can always find him.
Ma is not a man who doesn’t understand, having said in 2017 that Alipay is ready to be turned over to the state if the country needs it. But he clearly didn’t anticipate what’s happening to him and his Ant Financial Services today.
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