SCMP was sold to Alibaba in 2016. People would do well to keep that in mind when reading their reports.
By the way, Alibaba is soon to be state-owned as a result of the CCP’s recently launched effort to take over private businesses, starting with the successful ones, with the private CEOs either being retired (Alibaba, Tencent, Lenovo), jailed (Anbang), or being suicided (mysterious death in France).
RE: By the way, Alibaba is soon to be state-owned as a result of the CCP’s recently launched effort to take over private businesses, starting with the successful ones, with the private CEOs either being retired (Alibaba, Tencent, Lenovo), jailed (Anbang), or being suicided (mysterious death in France).
OK, this is something new to me... are you trying to tell us that Jack Ma did not leave on his own accord and was “politely” told to step down?
His official stated reason for stepping down was that he wanted to focus more on charity and education ( is this just an excuse?)