How CCP Stole Alibaba From Jack Ma

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The CCP is very involved in all aspects of their economy and community. So much so that they are often putting out new regulations regarding what their citizens can consume as far as entertainment goes. They have even gone as far as buying up the Golden Shares of companies like Alibaba and Tencent which allows them to sit on the board and make decisions on behalf of the companies.

Beijing used to implement fines on companies that wouldn’t follow their regulations but they are deciding to stray away from that tactic in order to not inflict any further damage on their economy. Being able to purchase 1% of shares in a company allows the government to make business decisions and there are some people who don’t believe that is a bad thing as it could make it easier for these companies to break into new territories that would have otherwise been too difficult to achieve.

Jack Ma founded the company Alibaba which is the largest e-commerce market in the world and he was once the wealthiest man in China. He has been very outspoken regarding the regulations in China and isn’t afraid to publicly scrutinize their methods. Jack Ma currently resides in Japan.

China has caused many American companies to alter their products in order to meet their standards; video games, movie scripts, and many other forms of entertainment have had scenes cut or completely changed in order for them to be released in the Chinese market. With their heavy regulations it is no surprise they are deciding to buy the Golden Shares of companies instead of just fining them into oblivion. What are your thoughts on the CCP buying shares of their local companies? Let us know in the comments and thank you for watching!


Written by: Nathan Council
Narrated by: Nathan Council
Edited by: Gonzalo L


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CHAPTERS:

00:00 Intro
00:08 The Golden Shares
02:34 Jack Ma And Alibaba
03:47 What is Tencent?