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Why Alibaba’s Joe Tsai gets to party but Jack Ma is punished by China
New York Post ^ | August 14, 2021 5:08pm | Dana Kennedy

Posted on 08/15/2021 9:21:31 AM PDT by E. Pluribus Unum

Nobody knew until last month that ­Joseph Chung-Hsin Tsai — better known as Joe Tsai — was the “mystery buyer” who dropped $157 million this spring on two massive condos at 220 Central Park South, the most expensive apartment building in the country.

So far, keeping a relatively low profile and understanding international office politics has worked out well for Tsai, said to be worth at least $12 billion. The 57-year-old is the co-founder of Alibaba (China’s version of Amazon), the owner of the Brooklyn Nets and a friend of the Chinese Communist Party.

The same can’t be said for Jack Ma, his flamboyant onetime partner and the creative genius behind Alibaba. Ma has barely been seen in public for the past 10 months. His wings have been clipped, possibly permanently, by officials after Ma publicly dissed his country’s banking system last fall. He is reportedly being “re-educated” by the Chinese Communist Party.

“Tsai is savvy — savvier than Jack Ma,” ­Peter Navarro, author of “Death By China: Confronting the Dragon,” told The Post.

(Excerpt) Read more at nypost.com ...


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1 posted on 08/15/2021 9:21:31 AM PDT by E. Pluribus Unum
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To: E. Pluribus Unum

Pigs get fat. Hogs get slaughtered. The CCP is the butcher.


2 posted on 08/15/2021 9:25:31 AM PDT by Dr. Sivana (There is no salvation in politics.)
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To: E. Pluribus Unum

Jack Ma or Horse Cloud is parts and pieces. Jack’ sin was he was too popular, too rich, too inspiring, too influential. Reports of his whereabouts are unverifiable second hand reports used to cover his “removal”.

The CCP, and especially Xi Jinping, cannot tolerate anyone like Ma. It alone is the inspiration, the influencer, the most popular - all others are a threat, as many other Chinese billionaires have learned.

As long as Joe keeps his “a relatively low profile”, he can survive. If he starts to party like Ma, he too will vanish. As for being a “friend” to the CCP, everyone in China is a friend or else.


3 posted on 08/15/2021 10:01:44 AM PDT by PIF (They came for me and mine ... now its your turn)
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