Behind the scenes, China’s most celebrated and its most notorious billionaires were linked through investments worth at least $1 billion.
Tag: Ma, Jack
The Billionaire Criminal Who Secretly Profited Off Jack Ma’s Deals
Confidential documents show that Xiao Jianhua, a corrupt investor tied to China’s political elite, backed the country’s most successful and revered entrepreneur.
China Returns to Davos With Clear Message: We’re Open for Business
Emerging from coronavirus lockdown to a world changed by the war in Ukraine, China sought to convey reassurance about its economic health.
Why China Is Changing Its Tone on Business
With the economy in a fragile state, Chinese officials are starting to use more business-friendly language, and also to back their words with action.
Jack Ma, Ant Group Founder, Will Relinquish Control
Ant Group, the fintech sister company of the e-commerce behemoth Alibaba, is one of China’s most influential companies.
China’s Xi Pressures Tycoons With ‘Common Prosperity’ Talk
As the country’s leader prepares for a likely third term, he is promising “common prosperity” to lift farmers and working families into the middle class.
Jack Ma Shows Why China’s Tycoons Keep Quiet
High-profile business leaders have been detained, sidelined or silenced as the Communist Party moves forcefully to keep companies in line. Today, the best strategy is to lie low.
Jack Ma, China’s Richest Man, Belongs to the Communist Party. Of Course.
Many business figures join the organization out of expedience. Likewise, the party sees benefits in associating itself with capitalist success stories.