[Epoch Times, August 13, 2021](Epoch Times reporter Zhang Yuanzhang reported from Taipei, Taiwan) The CCP has stepped up its suppression of private enterprises, which has greatly reduced the market value of enterprises and the value of entrepreneurs. Taking Alibaba and Jack Ma as examples, they are no longer the best of the year. Temporary glory. Experts say that by observing the ups and downs of Jack Ma, two trends can be found. The first is that China’s social atmosphere has changed. Under the high pressure of competition, it is difficult to have the opportunity to stand up, and the people have begun to discourage entrepreneurs. The second is that even those with deep political-business relations. Ma Yun, the CCP also fixes him when he finds an opportunity. “Ma Yun doesn’t know the Communist Party enough.”
Since the end of 2020, Ant Financial’s global initial public offering (IPO) plan to raise 37 billion U.S. dollars has been reorganized by the Chinese Communist Party and called out for “unicorns” in the technology industry including Ant’s parent group Alibaba and Didi Chuxing. , As well as New Oriental and other private supplementary education institutions listed overseas, have successively been strengthened by Beijing.
Ma Yun’s speech last October offended the CCP
Take Alibaba as an example. The founder Jack Ma suspected that he offended the CCP because of his speech in October last year, which became the key reason for the termination of Ant Financial’s IPO and weakened the all-time “Alibaba Empire”.
In April of this year, the CCP imposed a heavy fine of 18.228 billion yuan on Alibaba for violating the Anti-Monopoly Law. This is known as the heaviest fine since the implementation of the law. At the same time, the CCP requires that it be fully rectified and must fully cooperate with the CCP’s proposal. Administrative guidance.
This year, Alibaba’s share price has fallen by more than 20%. Alibaba’s revenue performance in the first quarter of this year has not been as expected by analysts. The net profit attributable to common shareholders is also lower than that of the same period.
Jack Ma’s assets loss exceeded 300 billion yuan
Ma Yun’s personal safety is extremely worried. He was lost for three months since he made a mistake in October last year and disappeared in January this year. In the annual report submitted by Alibaba Group a few days ago, Jack Ma has disappeared from the list of major shareholders. According to the “Financial Times” report, Jack Ma’s assets have evaporated nearly 13 billion U.S. dollars (approximately NT$362.1 billion) since November last year.
Not only Jack Ma, but also the wealth of private entrepreneurs under the supervision of the CCP have shrunk. According to the Financial Times, quoting Bloomberg’s data, it pointed out that the 12 Chinese billionaires tracked have found that their total assets have fallen sharply by 16 since June this year. %.
Huang Zheng, the founder of the e-commerce platform Pinduoduo, lost US$15.6 billion, about one-third of his assets; Ma Huateng, the founder of the online group Tencent, lost more than US$12 billion and 22% of his wealth; New Oriental founder Yu Minhong held 12% of the group’s shares, and Its value plunged from $3 billion to $500 million.
The CCP can take away assets at any time when it doesn’t need entrepreneurs
Jack Ma used to be an iconic entrepreneur in China, but now he and his company are in dire prospects. Financial commentator Xu Weihuang said in an interview with The Epoch Times that Jack Ma’s fortunes can be observed at two levels. At the beginning of his rise, he received high-level investment from the Chinese Communist Party. At the same time, Chinese society gave high support to the behavior of capital introduction. At that time, Chinese people believed that there was a chance to succeed in starting a business in China, and they admired entrepreneurs like Jack Ma.
He said that the social atmosphere in China has now changed. The industry has high working hours and low wages, and the economy is affected by the epidemic. Young people cannot stand up even if they start a business. Therefore, they cannot accept capitalists like Jack Ma. The CCP has also found a way to fix Jack Ma. Opportunity.
“Ma Yun doesn’t know the Communist Party enough.” Xu Weihuang said. Ma Yun used to make people think that China is beginning to open up capital, but now the outcome is to highlight that the CCP bows to entrepreneurs when it needs it and can take away private assets at any time when it is not needed. The money earned is not real. It is lent by the Beijing government, and it can be recovered at any time.”
Tencent may become Beijing’s next target of suppression
In addition, the Chinese Communist Party’s official media recently set the tone for China’s game industry with “spiritual opium” and named Tencent’s mobile games. The outside world has seen it as a windball for the Chinese Communist Party to lock in supervision. Tencent may become the next target of suppression.
Xu Weihuang said that compared with Ma Yun, Tencent founder Ma Huateng may face even worse. Ma Huateng’s behavior is lower-key than Ma Yun, and he has long shaped an image of being willing to “follow the party” to prove that he is the CCP’s own person. “Obviously this is useless.”
Xu Weihuang said that games are Tencent’s main source of income and are labelled as “drugs” by the CCP. This brings more negative perceptions to the public than Alibaba, and it is estimated that the CCP will not be soft.
He said that in the past, China’s Internet companies showed a state of barbaric development. They raised a lot of funds through the capital market, obtained a lot of investment from the political and business circles, and made huge profits as a result.
Xu Weihuang said that for the general public, almost all consumer behaviors have to go through online platforms, and when they see that China’s wealth is concentrated in the hands of those platform operators, they feel “deprived”, as if they have been cut from leeks. The CCP has resentment.
The CCP’s supervision of private companies may be self-defeating
He said that the CCP supervised private companies for the purpose of maintaining stability, but the results of forcibly intervening in companies have offended foreign investors such as Wall Street. At the same time, domestic problems have not been resolved as a result, and the public’s panic has been deepened. The “anti-pornography” treatment has made people who want to stand up through studies find no way out. They cannot go to university and can only enter the factory. Public grievances are everywhere. “The CCP wants to maintain the regime and has entered a state of high difficulty.”
Editor in charge: Lv Meiqi #
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