12 ms·

Jack Ma: Hey everyone I'm back after a totally normal time away from China... CCP (interrupting): Make sure to smile Jack Ma: sweat...so, while I was gone, an

Jack Ma: Hey everyone I'm back after a totally normal time away from China... CCP (interrupting): Make sure to smile Jack Ma: sweat...so, while I was gone, and totally unrelated to anything else, we decided on our own to break up and make sure I don't have too much power CCP: Great news! We hoped you'd totally voluntarily come back and also wow what a great gesture ----- I kind of would have preferred they just be strong about it but they are following the west's lead here in pretending like the government and major business isn't just the same thing

marginalia_nu 4y ago
Pony Ma: [grimace-emoji]
- eunos 4y ago
  Tencent is less impactful in the world of atoms compared to Alibaba (ecommerce and logistics). Yet in the world of bits Tencent seems to be more scumbag than Ali. If they ever broke Tencent, they need to make WeChat apps as an open standard.
graderjs 4y ago
[flagged]
- tiny_ta 4y ago
  It's good to see at least a few comments further down that wish that similar steps to break up TBTF companies were taken here in the west.
tokinonagare 4y ago
> Jack Ma: [...] we decided on our own to break up and make sure I don't have too much power Actually very good, would be nice if a few Western companies were splitted this way.
- Barrin92 4y ago
  It's pretty common for Western companies to adopt this holding firm type structure, as the article points out it echoes Google's restructuring to Alphabet.
  - jewba 4y ago
    Although you could say that the outcome could be considered the same, the motivations behind it are completely different, as the parent comment mentions
  - meh8881 4y ago
    It cannot remain a holding company if these businesses are expected to IPO though, can it?
    - johngalt_ 4y ago
      They can keep a stake in the companies after the IPOs, even higher than 50%.
    - culturestate 4y ago
      Sure it could. There's nothing (other than the government, presumably) stopping them from listing six separate companies with, for example, dual-class share structures that leave substantially all voting power to Alibaba Holdings Ltd.
- Quarrelsome 4y ago
  Its good when the government is democratically elected. When its more autocratic like the direction Xi is taking the CCP is just means one power has less challengers which opens the door to catastrophic failure and thoughtless cruelty when the autocratic ruler errs (see the Donbas region today). The challenge the west has is keeping its democratic institutions strong enough to stand up to wall street, the challenge China has is having anything to oppose the tight grip of the CCP.
- seydor 4y ago
  It will be interesting if china solves the inequality problems that plague western capitalism first. This actually puts pressure on the west to look into inequality as a competitive disadvantage
deleted 4y ago
[deleted]
slowmotiony 4y ago
How do we know it was even him in the picture? It's literally just a jpeg. My conspiracy theory is that the MSS posts a pic of some random dude who looks alike every year or so while the real Jack Ma is currently on the bottom of the Yangtze river.
deleted 4y ago
[deleted]

marginalia_nu 4y ago

Pony Ma: [grimace-emoji]

eunos 4y ago
Tencent is less impactful in the world of atoms compared to Alibaba (ecommerce and logistics). Yet in the world of bits Tencent seems to be more scumbag than Ali. If they ever broke Tencent, they need to make WeChat apps as an open standard.

graderjs 4y ago

[flagged]

tiny_ta 4y ago
It's good to see at least a few comments further down that wish that similar steps to break up TBTF companies were taken here in the west.

tokinonagare 4y ago

> Jack Ma: [...] we decided on our own to break up and make sure I don't have too much power Actually very good, would be nice if a few Western companies were splitted this way.

Barrin92 4y ago
It's pretty common for Western companies to adopt this holding firm type structure, as the article points out it echoes Google's restructuring to Alphabet.
- jewba 4y ago
  Although you could say that the outcome could be considered the same, the motivations behind it are completely different, as the parent comment mentions
- meh8881 4y ago
  It cannot remain a holding company if these businesses are expected to IPO though, can it?
  - johngalt_ 4y ago
    They can keep a stake in the companies after the IPOs, even higher than 50%.
  - culturestate 4y ago
    Sure it could. There's nothing (other than the government, presumably) stopping them from listing six separate companies with, for example, dual-class share structures that leave substantially all voting power to Alibaba Holdings Ltd.
Quarrelsome 4y ago
Its good when the government is democratically elected. When its more autocratic like the direction Xi is taking the CCP is just means one power has less challengers which opens the door to catastrophic failure and thoughtless cruelty when the autocratic ruler errs (see the Donbas region today). The challenge the west has is keeping its democratic institutions strong enough to stand up to wall street, the challenge China has is having anything to oppose the tight grip of the CCP.
seydor 4y ago
It will be interesting if china solves the inequality problems that plague western capitalism first. This actually puts pressure on the west to look into inequality as a competitive disadvantage

deleted 4y ago

[deleted]

slowmotiony 4y ago

How do we know it was even him in the picture? It's literally just a jpeg. My conspiracy theory is that the MSS posts a pic of some random dude who looks alike every year or so while the real Jack Ma is currently on the bottom of the Yangtze river.

deleted 4y ago

[deleted]