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13 Chinese Internet Financial Giants Interviewed Amidst a CCP Internal Power Struggle

China’s Regulators Warn 13 Chinese Internet Firms Amidst Internal Power Struggle  Among other issues, supervision of the shareholding structure and capital was reportedly emphasized in the interviews. Four Chinese financial regulators, including the People’s Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission, and the State Administration of Foreign Exchange, jointly interviewed representatives of the financial platform companies on April 29. The inte...
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Jack Ma's school for business elites drops 'university' from its name

May 17, 2021 Alibaba founder Jack Ma attends a corporate event at the companys headquarters in Hangzhou, Zhejiang province in this April 23, 2013. Reuters An elite business school created by Jack Ma, the founder of Chinese e-commerce giant Alibaba Group Holding, has quietly dropped all online references to “university” in a sign that the sought-after school may be adopting a lower profile. The official Weibo account of Hupan University, which suspended new student recruitment after Alibaba-...
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China blocked Jack Ma's Ant IPO after an investigation revealed who stood to gain

China blocked Jack Ma’s Ant IPO after an investigation revealed who stood to gain FILE PHOTO: REUTERSPremium Lingling Wei , The Wall Street Journal Well-connected Chinese power players, including some with links to political families that represent a potential challenge to President Xi, were behind layers of opaque investment vehicles. The information added to concerns about financial risk and anger at Ma’s outspoken criticism. Share Via Read Full Story When China’s leader Xi Jinping lat...
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