What Made Chinese Communist Party Go Against Jack Ma?

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Jack Ma, founder of China's e-commerce giant Alibaba, and his senior executives were summoned on Monday by Chinese regulators for talks, just days ahead of the world's biggest initial public offer of $39.7 billion shares of the group's subsidiary – the Ant Group. Citing an official statement, China's state-run Global Times daily said on Monday that the officials from the People's Bank of China and other departments summoned Jack Ma Yun and other executives of Ant Group for talks over regulations. "Further details weren't immediately available," it said.