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It looks like the CCP is again beating the bushes and shaking the trees to find more incriminating evidence of corruption and illegality - and other 'dirt' - involving Ant Group and its founder, Jack Ma. About a month ago, Ma and Ant Group were implicated in one of China's biggest corruption scandals in recent memory: it involved a former top CCP official in Hangzhou, the city where Ant got its start. Now, the CPP has ordered the country's banks and other firms to scour their records for any more 'evidence' of any potentially corrupt dealings involving Ant. Beijing has...

Way back in 2019, long before Alibaba founder Jack Ma's falling out with the CCP (or, we should say, when the strains in their relationship were far less visible in the business press), we reported the following prediction from Hayman Capital's Kyle Bass: That Jack Ma would be "jailed, or disappeared" shortly after stepping down as Alibaba's chairman.When Ma abruptly disappeared after the CCP sabotaged the (Ma-led) IPO for Ant Group, Alibaba's financial arm that had become widely used within the Chinese market, we feared the worst.And even though Ma eventually resurfaced, things have never been the same for a...

June 30 (Reuters) - Berkshire Hathaway Inc (BRKa.N) Vice Chairman Charlie Munger praised China's move to impose a sweeping restructuring on Jack Ma’s Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November. The 97-year-old told CNBC in an interview alongside Berkshire CEO and billionaire investor Warren Buffett that the United States should take a leaf out of China's book and "step in preemptively to stop speculation". "I don't want the, all of the Chinese system, but I certainly would like to have the financial part of it in my own country," he said...

Jack Ma, China's most ebullient billionaire, and also the most influential opinion leader in Chinese cyberspace. His Chinese name is Ma Yun, and it was he that founded Alibaba Group, a Chinese E-commerce giant that defeated Amazon in China. On his B2C, business to client platforms, Tao Bao and T-Mall, people all over the world can literally buy anything they could think of. He had been a teacher for some time before he took initiative to build his online empire, and he regards himself as an intellectual. He has said many times in public that he does not like money,...