The Beijing authorities announced on the 24th to Alibaba monopoly behavior in accordance with the law, the financial management department then announced that they will interview Ant Group, 25, Alibaba Group headquarters in Zhejiang Province to show support for the central government, online rumors of local services for Ali set up “pro-orange office” signboard has been covered up photos.
The Beijing authorities announced on the 24th to Alibaba monopoly behavior in accordance with the law, the financial management department then announced that they will interview Ant Group Ant Group, 25, Alibaba Group headquarters in Zhejiang Province to show support for the central government, the Internet rumors of local services for Ali set up the “pro-Orange Office” signboard has been covered up photos.
The setback to Alibaba, founded by Jack Ma, and to Ant Group, of which he is a controlling shareholder, is clearly linked to Xi Jinping, the Communist Party’s general secretary, and Zhejiang Province was quick to follow suit, raising the issue to the level of “two safeguards” at once. The company’s newest product is a new product, a new product that has been developed by the company. The company said at the meeting that “anti-monopoly and anti-unfair competition is a decision made by the Party Central Committee with Comrade Xi Jinping as the core” and that Zhejiang Province should “take up its responsibility and resolutely implement it, and take this opportunity to take the initiative.”
On Friday, netizens released photos showing that the signboard of “Yuhang District Service Protection Alibaba Leading Group Office (pro-Orange Office)” was covered with a black plastic bag, and it is unclear whether this office can still function normally. According to the pro-Orange Office established on October 16, 2018, around the goal of building a closer Yuhang – Alibaba development community, horizontal integration of resources, optimize the process interface, etc., so as to serve and protect Alibaba. The pro-Orange Office has held a total of more than 90 meetings to promote the planned thematic docking, and participated in more than 50 coordination meetings of various types of Ali.
Yuhang District is located in Zhejiang Province, Hangzhou, orange is the trademark of Alibaba logo color, pro-orange office means close to Ali, to build the affinity between Yuhang and Ali.
The official media has been firing rounds for days, the People’s Daily commented that the investigation of Alibaba is “not to rules, not a square circle”, the platform monopoly problem reflects the development of the online economy there are risks and hidden dangers.
Some analysis pointed out that Ant was officially interviewed for the second time after the shareholding and corporate structure fears to face big changes, Ant may be nationalized back. The Voice of America quoted Hong Kong’s Chiyi Eastern Securities Co. chief executive Lin Changnian as saying that Ma’s career prospects are not optimistic as the Chinese Communist Party accelerates the “advancement of the state and the retreat of the people.
The Apple Daily quotes visiting professor Wu Mingde of Hong Kong Baptist University as saying that Alibaba has mastered cloud computing, online finance, logistics chain, big data and other high technology, and that Ma’s close political and business ties have made Xi Jinping feel threatened, so he has to use every possible means to rectify Alibaba.
The Chinese Communist Party is worried about Ma Yun’s wealth, but also worried that he has become a force for collusion between business and government, and it is estimated that Ma Yun has made the greatest degree of compromise, but it is still difficult to win the trust of the Chinese Communist Party, and in the end it may be like Mou Zhong, the Chinese Communist authorities “use economic crime to common your property.
For years, political insiders and investors in China have speculated that Chinese leader Xi Jinping might want to take action against Alibaba and Jack Ma because of concerns that their influence could cause growing offense to the Communist Party and potentially undermine control of capital, according to a New York Times analysis. But until recently, Chinese regulators have been proceeding with caution. Two recent party leadership meetings have hinted that Xi is considering action.
At a Dec. 11 Politburo meeting, Xi called for “strengthening anti-monopoly and preventing disorderly expansion of capital,” and earlier, the Chinese Propaganda Ministry took a strong stance to “resolutely prevent the risk of capital manipulation of public opinion.
The New York Times believes that Ma’s comments about financial regulation at a conference in Shanghai in October appear to have contributed to the official backlash against Ant Financial Services and Alibaba. Ma publicly criticized Chinese regulators at that conference for being too obsessed with controlling financial risk.
Speaking at the Bund Financial Summit in Shanghai in late October, Ma’s highlight after stepping down as chairman of Alibaba’s board of directors, he faced senior Communist Party officials as well as financial regulators who were afraid of financial risk, saying loudly that (China’s problem) is not financial systemic risk, but the lack of risk in the financial ecosystem,” that “banks today perpetuate or pawnshop thinking”, “good innovation is not afraid of regulation, but afraid of yesterday’s way to regulate”. Ma’s speech sparked high-level anger, with the Wall Street Journal citing sources familiar with the matter as saying that Xi Jinping directly called off Ant Group’s initial public offering.
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