The treatment of Alibaba and Ant group is enough to reach the conclusion that Xhi Jing Ping doesnt think highly of these companies. They do add value but these

The treatment of Alibaba and Ant group is enough to reach the conclusion that Xhi Jing Ping doesnt think highly of these companies. They do add value but these are middlemen companies that part is correct, but that isnt the reason for this clampdown. I think that with the rise of Charismatic Entrepreneurs who have millions of followers both nationally and internationally they command a lot of followign and respect which directly threatens and undermines the Supreme leader. That may not be acceptable to CCP, as it poses a threat to long term viability of CCP, the future is technology driven and thus would be more and more important to the future of the nation and of its people, such decisions in CCP's mind cannot be left to the private sector. If they do China may turn into Oligarchy like Russia or a seemingly democratic Oligarchy like US.