What is China going to do with Alibaba?

China’s Alibaba Group will invest 100bn yuan ($15.5bn) by 2025 in support of “common prosperity”, it said, becoming the latest corporate giant to pledge support for the initiative driven by the president, Xi Jinping.

What is Jack Ma worth?

37.3 billion USD (2021)
Jack Ma/Net worth

Why is the Chinese government targeting Alibaba?

Alibaba was targeted by antitrust authorities for its dominance and actions in e-commerce while Meituan is scrutinized for food delivery.

What is Zhong Shanshan worth?

73.5 billion USD (2021)
Zhong Shanshan/Net worth

How much of Alibaba is owned by Chinese government?

Ma became China’s richest man with a net worth of $25 billion, according to the Hurun Rich List. Mr. Ma owns a 7.8\% stake in Alibaba and a 46\% stake in the Alipay electronic payment affiliate.

Is Jack Ma in trouble with the Chinese government?

This loss of stature has come as Mr. Ma is facing increasing trouble with the Chinese government. Chinese officials on Thursday said they had opened an antitrust investigation into Alibaba, the powerhouse e-commerce company that he co-founded and over which he still holds considerable sway.

What happened to Alibaba cofounder Jack Ma?

Alibaba cofounder Jack Ma. (Photo by Wang HE/Getty Images) News of Alibaba cofounder Jack Ma ’s disappearance from public view has driven heated speculation across social media in recent days. The whereabouts of the billionaire entrepreneur are unknown and Alibaba isn’t commenting.

Is Jack Ma the most famous Chinese person?

Ma was also a worldwide celebrity – the most famous living Chinese person. According to polls he was more well-known outside China than Xi Jinping. Jack Ma was Jeff Bezos, Elon Musk and Bill Gates all rolled into one. He was the front-man for the new China:

What happened to Jack Ma?

In a report on Tuesday, citing a person familiar with the matter, CNBC reported that Ma was not missing, just laying low. “The big picture seems to be that [Ma] got too big for his britches, both in independent speech as well as in actual financial power,” says Andrew Nathan, a Columbia University professor who focuses on Chinese politics.