China Communist Party to Nationalize Jack Ma’s Alibaba and Ant Group – Report
Play with the dragon and eventually it will burn you.
(From The International Business Times)
Reports from China indicate that the Chinese government may be working on a plan to nationalize Jack Ma’s Alibaba and the Ant Group. China’s ruling Chinese Communist Party (CCP) has gone further ahead with the antitrust investigation into e-commerce giant Alibaba.
“Based on tip-offs received by the State Administration for Market Regulation in recent days, the administration will be investigating Alibaba … for suspected monopolistic activities,” the government said.
The Chinese Communist Party is worried about “monopoly.”
This article was originally posted here: https://www.ac2news.com/2021/01/china-communist-party-to-nationalize-jack-mas-alibaba-and-ant-group-report/.
