Monday, November 26, 2018

China's richest man outed as Communist Party member after pre-mature resignation announcement

Like these are unrelated developments, or surprising after the rise of Xi Jinping Pooh.

No one makes Jack Ma kind of money in China without the blessing of the Communist Party. And no one stops making Jack Ma kind of money without the urging of the Communist Party.

People do very well indeed under "communism".


Jack Ma, the head of e-commerce giant Alibaba Group is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.

The People's Daily revealed Ma's Party membership in a list of 100 people it said had helped drive the country "reform and opening up" process. Ma is China's richest man with a fortune of $35.8 billion, according to Forbes.