Nipate

Forum => Kenya Discussion => Topic started by: GeeMail on January 04, 2021, 12:38:57 PM

Title: Where can a billionaire hide?
Post by: GeeMail on January 04, 2021, 12:38:57 PM

https://nation.africa/kenya/news/world/chinese-billionaire-jack-ma-suspected-missing-3246490

Title: Re: Where can a billionaire hide?
Post by: Nefertiti on January 04, 2021, 09:55:40 PM

Jack Ma has been grumbling about reforms in Hong Kong that eroded the financial pinnacle's lustre. Around christmas he mouthed something about Beijing stifling innovation. That seems to have sealed his fate. I do hope he is battling the virus somewhere above the ground.

Title: Re: Where can a billionaire hide?
Post by: Nefertiti on January 13, 2021, 02:38:33 PM

China to nationalize Jack Ma's Alibaba empire... the baron is still MIA

https://www.ft.com/content/751c2500-f50d-47c9-8f04-a28ad62285fd

Title: Re: Where can a billionaire hide?
Post by: GeeMail on January 13, 2021, 03:18:58 PM

Can they really dare?

Title: Re: Where can a billionaire hide?
Post by: Nefertiti on January 13, 2021, 09:53:01 PM

Quote from: GeeMail on January 13, 2021, 03:18:58 PM

Can they really dare?

Yup. Their biggest threat Trump just drowned in his own puke - Xi is the real king now. I suspect poor Jack Ma is behind bars and will approve a split of the empire before his release. You need to understand the tight state grip on the economy is non-negotiable and the people get it. So long as the Chinese economically gallop ahead noone will revolt.

I expect Alibaba to at least be split up. E-commerce, Alipay, Ant Financial, etc. No big scary giant.