China’s Alibaba founder Jack Ma criticized the Chinese Communist Party’s financial regulator last year, and the group was subsequently badly punished by the financial regulator, which fined Alibaba 18.228 billion yuan (about NT$79.2 billion) for anti-monopoly. According to a foreign news report, the action taken by the Chinese Communist Party authorities against Jack Ma shows that “the golden age of China’s technology giants has passed”, while celebrity spokesman Xu Shanhuang said that in addition to Ma, Tencent founder Ma Huateng is likely to be the next leek to be harvested. Xu also said that Taiwanese businessmen have always been a political bargaining chip and an instrument of blackmail for the Chinese Communist Party, and that if the two sides of the Taiwan Strait are reunited, Taiwanese businessmen will just be leeks who no longer have a “Taiwanese business identity”.
Bloomberg (Bloomberg) reported today (14) with the title “Ma’s Double Fist Can’t Beat Four Hands, Showing the End of China’s Golden Age of Technology” that after China’s financial regulator cut off Alibaba, the regulator invited more than 30 e-commerce platform companies of all types to attend an “administrative meeting” on the 13th. The regulator invited more than 30 e-commerce platform companies of all types to an “administrative guidance meeting” on the 13th, asking them to conduct “self-examination and thorough rectification” during a one-month period, including Tencent and ByteTok (TikTok, Jitterbug), for example, in the case of Alibaba. Bloomberg reports that while these tech giants are expanding unrestricted, the road to challenge Facebook and Google has come to an end for Ant Group or Tencent with their superior financial strength and huge amount of data, and the era of booming performance is over.
In addition, the BBC reported today that two executive orders were issued against TikTok during the Trump administration, banning it from being downloaded or updated in China since September last year, and banning U.S. telecoms from providing any network services for TikTok in mid-November, and another ban in August on the advice of the Committee on Foreign Investment in China (CFIUS), which required ByteTok to leave TikTok within three months. The ban requires TikTok to disengage within a three-month period, but the final deadline for the ban has been delayed again and again and has not yet been implemented.
According to the Epoch Times, financial expert Xu Shanghuang said on the 13th that as long as the Chinese Communist Party does not carry out any unification actions, the situation of Taiwanese businessmen is “okay”, only the chance of being used as hostages, but the Chinese Communist Party will not be too fast to “destroy” Taiwanese businessmen. But if the unification across the Taiwan Strait, Taiwanese businessmen will no longer have the “Taiwanese business identity” of the leek, Xu Shanhuang stressed that Taiwanese businessmen have always been the political bargaining chips and blackmail tools of the CCP, especially in recent years, the CCP has “tightened their necks”, such as forcing Taiwanese businessmen to fight the Chinese system The COVID-19 (Chinese communist virus, Wuhan pneumonia, New Crown pneumonia) vaccine, although the director of the Chinese Epidemic Control Center, Gao Fu, admitted that the protection rate of their own vaccine is low.
Xu Shanhuang pointed out that after Alibaba was cut away as a leek, there is still room for cutting again, “it’s just a matter of which law to change and in what way to cut again so that he spits out the money” and “the Communist Party is not bad without a name to change”, and he believes that Tencent founder Ma Huateng He believes that Ma Huateng, the founder of Tencent, is afraid to be the next target of the Communist Party and “does not believe that the Communist Party will not harvest (Tencent)”, The average annual income is about RMB 158 billion (NTD 686.5 billion).
The Chinese Communist Party (CCP) is most concerned about Ma’s founding of Lakeside University, which is rumored to be the “godfather of Chinese finance. It is rumored that Ma founded the university to be the “Godfather of Chinese finance”, there are skeptical voices that this move is following the example of the past Ming Dynasty East Forest Party, to run the school to create ideas to challenge the authorities.
Finally, from the observation of Alibaba’s harvesting, does it show that the Chinese Communist Party has financial problems? Xu Shanhuang said that the Chinese Communist Party has been printing money for many years, and the diminishing marginal effect of money is not only a “bad fiscal”, but also a more serious problem.
Recent Comments