Here Is Why Jack Ma Should Keep Silent

Here Is Why Jack Ma Should Keep Silent 8,317 views •Jan 3, 2021 312 12 Share Save Difference Frames the World 2.65K subscribers Jack Ma, the founder of China's biggest e-commerce empire, Alibaba, also the actual controller of Ant Group, China's biggest internet finance company, has disappeared from the public since late October 2020. The world's biggest IPO of his Ant Group was adjourned at the last minute by China's regulators, and millions of investors are eager to know what went wrong behind that. Before the suspension of the IPO, China Mainland's investors in Shanghai's KSE market had put over 19 trillion RMB, the equivalent of over 2.7 trillion US dollars, to subscribe to Ant Group shares, 870 times more than the stock's offering in Shanghai. In Hong Kong, 1.55 million investors, about 20% of Hong Kong's population, had launched subscriptions for 1.3 trillion Hong Kong dollars, an equivalent of over 167 billion US dollars, for the Ant Group IPO, 394 times more than the offering in Hong Kong stock market. If Ant Group's shares were listed successfully, Jack Ma should have been one of the wealthiest people in the world, if not the richest one, but China's regulators dealt him a fatal blow just 2 days before the shares were supposedly put on open Markets in Shanghai and Hong Kong. on October 24, two days after Ant Group's IPO was approved, Jack Ma delivered a speech at the bund summit in Shanghai, criticizing China's big banks as pawnshops and appealing for loosening control over risk management supervision, for the sake of boosting the innovation economy. That forum was said to be unofficial, but Wang Qi Shan, China's vice-chairman, also showed up. after that speech, he disappeared from the public view, and no one could tell where he is and what he is doing now. although all his businesses are running well, China's probe into his Alibaba monopoly raised big concerns for the future of his online Utopia. 196 Comments Auggie Giuseppe Add a public comment... Gman Singh 无必问 Pinned by Difference Frames the World Gman Singh 无必问 2 days ago RMB 90 trillion (US$ 13.8 trillion)? That's equal to Chinal whole GDP !!!!! 8 The Wishmaster The Wishmaster 2 days ago He has forgotten his root. Something he should not have done. 18 Hong FL Hong FL 2 days ago Jack Ma own over success blinded his own thinking. 15 Indigenous Voice Indigenous Voice 2 days ago (edited) China is not a capitalist country. In Western nations, wealth can lead to power, even dominant power. But China is following the path of socialism with Chinese characteristics, under which, capital is the driving force for economic development, but shouldn’t be the source for power. “Plutocracy mentality” 14 Felix Su Felix Su 2 days ago Jack Ma isn't being punished. He can say whatever he wants but it's the Chinese regulators job to make sure that another 2008 financial crisis doesn't happen in China. After all, China's currency doesn't have reserve currency status so China can't afford to print their way out of the problem. If a financial crisis like 2008 happen in China it would devastate the Chinese people. China didn't spend the last 40 years so Jack Ma could get rich at the expense of all of China. 55 airamona airamona 2 days ago God bless China. Very brave and wise of her leadership. 10 Subhas Chandra Boss Subhas Chandra Boss 2 days ago He's a front man for SoftBank and US equity companies to snare China. 8 Boon Teoh Boon Teoh 2 days ago Good for the authorities to rein him in before more damage done in the monetary realm. 9 Indigenous Voice Indigenous Voice 2 days ago No matter how big an enterprise is, it must operate and expand in line with national laws and regulations. It shouldn’t become arrogant because of its strength and think they enjoy privilege in face of the law. 17 Victor Chew Victor Chew 2 days ago When you have credit cards given to you by bankers you're asking for trouble. Impulsive spending is going to get you into financial trouble and that's what the banks wanted. Many impulsive spenders eventually have to BEG, BORROW OR STEAL to pay back. China does the right thing. Bravo. 5 Ching-Kiong lang Ching-Kiong lang 2 days ago Do not forget where you come from 9 Ngiap En Hiong Ngiap En Hiong 1 day ago Be careful what you wish for. Jack Ma said he has no interest in money and he got what he wish for. Arrogant narcissist ! 2 LAU E.B. LAU E.B. 2 days ago He became very popular rich and famous and also big-headed and big mouth. Started to talk 3 talk and talk 4 and now talk kok. Time for him to shut up. 7 georgiebest ManUtd georgiebest ManUtd 1 day ago I guess Jack never got to hear that song: Silence is Golden Al Loomis Al Loomis 2 days ago ma encroached on the government control of currency, at the very least. deng xiao ping visited re-education camps, twice, for less. perhaps ma will come back too. 2 Winston Rodrigues Winston Rodrigues 2 days ago China is run by most intelligent people at the top level. 2 Hank Xu Hank Xu 2 days ago Success got into his head till he forgets his humble beginning. Respect to parents and leaders are the main pillars of Chinese Culture. 23