On January 20, Jack Ma attended the rural teacher award ceremony through the Internet (Photo source: video screenshot)
On January 21, Yin Ming, vice president and general manager of Ant Group’s insurance department, suddenly left the company.
On January 21, Yin Ming, vice president of Ant Group and general manager of Ant’s insurance division, left Ant Group, according to a report by the mainland media Interface News. According to the official website of Ant Group, Yin Ming has been removed from the list of Ant Group’s senior executives as vice president. This is also the first senior executive to leave Ant Group after its IPO was suspended on November 3, 2020.
Jack Ma just showed up on the 20th, and someone from Ant Group’s top management left, triggering heated discussions. It is unknown whether Ant Group will follow up with any major personnel changes.
On the same day that Ma appeared, on the 20th, the Central Bank of the Communist Party of China issued new regulations, the first Time to strengthen anti-monopoly regulatory measures in the field of non-bank payments, if the institution seriously affects the healthy development of the payment market, can take measures such as splitting by payment business type.
Some analysts believe that Alipay and WeChat Pay will be rectified according to the new regulatory measures, and may even be split up by payment business type to meet compliance requirements. In this way, Alipay’s good days are at an end.
In late October 2020, Jack Ma attended the Bund Financial Forum Summit in Shanghai and publicly criticized the Communist authorities’ financial regulation in his speech, after which Ant Group’s IPO was suddenly halted on the eve of its official listing in early November, and Ant Group and Alibaba were subjected to a series of purges by the authorities. Ma disappeared for nearly three months, leading to speculation. Most outside opinions suspected that he was under “house arrest”.
Until the morning of Jan. 20, Ma, who had been in stealth, spoke publicly in a video tribute to teachers on “Rural Teachers Connect”. But he did not mention his current situation.
After the emergency halt to Ant’s IPO, all of its online storage products, including Alipay, were taken offline, and Alibaba’s shares plummeted as authorities investigated it on anti-trust charges. Bloomberg reports that Citi Private Bank’s Lab for Family Offices has issued a report stating that a “large number” of its super-rich clients have reduced or withdrawn their investments in Alibaba. This indicates that the market has lost confidence in Jack Ma and Alibaba.
However, on January 15, Chen Yulu, deputy governor of the Communist Party’s central bank, announced that Ant Group had set up a working group to rectify the situation and was working on a timetable for rectification, while maintaining the continuity of its business and normal operation of the company.
Some commentators believe that this move by the Chinese Communist Party officials has released a signal to let Jack Ma live. Or because Ma has softened.
However, for the morning of Jan. 20, Ma appeared through a video link, commentator Zheng Zhongyuan wrote that Ma’s current real situation is still not optimistic, and it is possible for Ma to complete some social affairs that have to be concluded under guard, otherwise his controlled secrets will be revealed in advance.
The article said, from the video observation, first of all, Ma’s face expression stiff, only a little smile is like a forced, and the face is dark; two eyes straight, no previous full of enthusiasm; voice is lack of the past intonation. One of the most crucial details is that Ma’s speech, when the lower two hands hold a pen, two thumbs constantly moving up and down, which is a small action that can not conceal the inner turmoil and the spirit of high tension and anxiety.
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