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He was almost certainly ousted. Look for Ant Financial to grow in even closer connection with CCP interests. My guess is that Alipay will be used as a means to

He was almost certainly ousted. Look for Ant Financial to grow in even closer connection with CCP interests. My guess is that Alipay will be used as a means to strengthen international dependence on the RMB. The trail of acquisitions suggests such. Very exciting and uncertain times we live in! Edit: this isn’t an anti-China rant at all, just musings based on observations and incomplete data.

pgodzin 7y ago
He was ousted a year ago and was allowed a year-long transition as the ousted head of Alibaba? > The transition was announced a year ago.
- Rapzid 7y ago
  To be fair, if that were the case what's the alternative? Re-education camp?
- mogadsheu 7y ago
  I think it's entirely possible that he's just selling high after a few decades of hard work. Ousting to me doesn't mean getting thrown out of the building with your things in a box, it can happen peacefully and gradually. Jack almost certainly has ties to the CCP and a good dialogue with them--it's a necessity to grow a business in that country. My guess is that there was a good amount of pressure gracefully imposed by an outside group to step down. But maybe he just wants to start a university/cure malaria and move on before China exports slow down.
chirau 7y ago
Not at all, you should read up on the progression of this decision. It's not out of the blue, he announced it more than a year ago.
debaserab2 7y ago
For the uninitiated, what does all that mean exactly? My vague understanding is that the Chinese government now have more oversight of one of China's largest (the largest?) companies. Did they not before, or is this a significant indicator of something that has changed?
- killjoywashere 7y ago
  Read up on the Organization Department of the CCCP https://en.wikipedia.org/wiki/Organization_Department_of_the_Communist_Party_of_China https://en.wikipedia.org/wiki/Organization_Department_of_the...
ryacko 7y ago
Strengthen international dependence on the RMB? They might beat the Swiss franc. The RMB is the 8th most traded currency, and counts for 4% of global volume. https://en.wikipedia.org/wiki/Template:Most_traded_currencies https://en.wikipedia.org/wiki/Template:Most_traded_currencie... Once oil is sold in RMB, it would be vastly different.
mytailorisrich 7y ago
Why would he be ousted? It's always entertaining to read the FUD stories about China.
- dragonelite 7y ago
  Kinda this Ma has been talking for years that wanted to return as a teacher. Is it really a disaster that company C level are political or part of a party.
  - deleted 7y ago
    [deleted]
- simongray 7y ago
  > Why would he be ousted? > It's always entertaining to read the FUD stories about China. Can't tell if you're deliberately being disingenuous or if you just don't know, but here are some statistics straight from the propaganda arm of the Chinese Communist Party: > "Since 2003, 72 billionaires in the Chinese mainland have died an unnatural death (...) Among the 72 billionaires, 15 were murdered, 17 committed suicide, seven died from accidents, 14 were executed according to the law and 19 died from diseases." - http://www.chinadaily.com.cn/china/2011-07/22/content_12959437.htm http://www.chinadaily.com.cn/china/2011-07/22/content_129594... Everyone who achieves a certain level of influence at some point submits to the CCP in China. It doesn't matter if it's bloggers, vloggers, actors, billionaries, or some other type of influencer. If you don't actively cheerlead and support the corruption of the current CCP faction in power, you lose your privileges, your audience, and - if you're powerful enough - your life.
  - mytailorisrich 7y ago
    > Can't tell if you're deliberately being disingenuous or if you just don't know, Neither. Your reply is quite insidious and illustrates my comment perfectly.
  - deleted 7y ago
    [deleted]
deleted 7y ago
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26165 7y ago
I agree to that, absolutely. Check the video link I have posted. :)The guy talking there also does not make anti-China rant but speaks anti-CPC.

pgodzin 7y ago

He was ousted a year ago and was allowed a year-long transition as the ousted head of Alibaba? > The transition was announced a year ago.

Rapzid 7y ago
To be fair, if that were the case what's the alternative? Re-education camp?
mogadsheu 7y ago
I think it's entirely possible that he's just selling high after a few decades of hard work. Ousting to me doesn't mean getting thrown out of the building with your things in a box, it can happen peacefully and gradually. Jack almost certainly has ties to the CCP and a good dialogue with them--it's a necessity to grow a business in that country. My guess is that there was a good amount of pressure gracefully imposed by an outside group to step down. But maybe he just wants to start a university/cure malaria and move on before China exports slow down.

chirau 7y ago

Not at all, you should read up on the progression of this decision. It's not out of the blue, he announced it more than a year ago.

debaserab2 7y ago

For the uninitiated, what does all that mean exactly? My vague understanding is that the Chinese government now have more oversight of one of China's largest (the largest?) companies. Did they not before, or is this a significant indicator of something that has changed?

killjoywashere 7y ago
Read up on the Organization Department of the CCCP https://en.wikipedia.org/wiki/Organization_Department_of_the_Communist_Party_of_China https://en.wikipedia.org/wiki/Organization_Department_of_the...

ryacko 7y ago

Strengthen international dependence on the RMB? They might beat the Swiss franc. The RMB is the 8th most traded currency, and counts for 4% of global volume. https://en.wikipedia.org/wiki/Template:Most_traded_currencies https://en.wikipedia.org/wiki/Template:Most_traded_currencie... Once oil is sold in RMB, it would be vastly different.

mytailorisrich 7y ago

Why would he be ousted? It's always entertaining to read the FUD stories about China.

dragonelite 7y ago
Kinda this Ma has been talking for years that wanted to return as a teacher. Is it really a disaster that company C level are political or part of a party.
- deleted 7y ago
  [deleted]
simongray 7y ago
> Why would he be ousted? > It's always entertaining to read the FUD stories about China. Can't tell if you're deliberately being disingenuous or if you just don't know, but here are some statistics straight from the propaganda arm of the Chinese Communist Party: > "Since 2003, 72 billionaires in the Chinese mainland have died an unnatural death (...) Among the 72 billionaires, 15 were murdered, 17 committed suicide, seven died from accidents, 14 were executed according to the law and 19 died from diseases." - http://www.chinadaily.com.cn/china/2011-07/22/content_12959437.htm http://www.chinadaily.com.cn/china/2011-07/22/content_129594... Everyone who achieves a certain level of influence at some point submits to the CCP in China. It doesn't matter if it's bloggers, vloggers, actors, billionaries, or some other type of influencer. If you don't actively cheerlead and support the corruption of the current CCP faction in power, you lose your privileges, your audience, and - if you're powerful enough - your life.
- mytailorisrich 7y ago
  > Can't tell if you're deliberately being disingenuous or if you just don't know, Neither. Your reply is quite insidious and illustrates my comment perfectly.
- deleted 7y ago
  [deleted]

deleted 7y ago

[deleted]

26165 7y ago

I agree to that, absolutely. Check the video link I have posted. :)The guy talking there also does not make anti-China rant but speaks anti-CPC.