He was one of China’s most well-known faces before disappearing from public view. Now Jack Ma is back.
After four years of a brutal crackdown that has cost them billions,Jack Ma and the rest of China’s best and brightest have been welcomed back into the fold by Xi Jinping. The message is clear.
The latest US tech crackdown is threatening China’s artificial intelligence capabilities,and hurting some of its biggest companies.
Jack Ma was a darling of China’s entrepreneurial scene,but a decision to roast Beijing in a 20-minute speech three years ago has had catastrophic effects on his empire.
Jack Ma has resurfaced in China after several years out of the public view following a very public spat with Beijing. His return has coincided with the carving up of the company that made him one of the world’s richest people.
E-commerce giant Alibaba has announced radical overhaul of the 24-year-old company,addressing one of Beijing’s primary goals during its sweeping crackdown on the technology sector.
Jack Ma fell out of favour after criticising Beijing. But he has unexpectedly resurfaced,potentially signalling a major shift from Xi Jinping.
Chameleon,faceless man or quiet economic agitator,one way or another,Australia will want to get to know Li Qiang.
People are concerned that the authorities can make anybody disappear without legal processes,and that it can happen to anyone,anytime and anywhere.
Wealthy and powerful entrepreneurs in China were once idolised by the public,doted on by the government and courted by foreign investors. But now they are keeping a low profile or leaving the country altogether.