Wednesday, 25 May, 2022
TopicJack Ma

Topic: Jack Ma

China passes border law to formalise its actions at LAC. And Jack Ma is back

Chinascope — The Week Behind The Wall is everything you need to know about what’s happening in China this week.

Ant Group’s IPO remains in limbo a year after China crackdown on Jack Ma’s fintech giant

Bankers who a year ago were betting the IPO would get done this year or next, now say 2023 is more likely. Regulatory hurdles remain.

China just fined Alibaba $2.8 billion dollars. It spells end of big tech’s romance with State

There was a time in China when big tech firms lived the dream. But in October last year, Jack Ma lashed out at China’s financial watchdogs and banks.

What Punjab civic poll results mean for Congress and others & crony capitalism, Chinese style

Shekhar Gupta explains key takeaways from Punjab civic polls where Congress made clean sweep & BJP emerged 'biggest loser'. And more on why Xi stopped Jack Ma's Ant Group's IPO.

Chinese state media celebrates top entrepreneurs. But not Jack Ma

Jack Ma, lionized at home for creating some of China’s largest corporations, didn’t make the cut in a Shanghai Securities News commentary lauding the leading lights of technology.

Hui Ka Yan & Jack Ma to Zhong Shanshan — Why China’s billionaires aren’t as rich as they look

Looking at Chinese billionaires’ paper wealth can be misleading, because the bulk of their riches comes from their stock holdings.

Jack Ma emerges for first time since China’s crackdown on Ant, Alibaba

Jack Ma addressed teachers via livestream Wednesday and talked about how he’ll spend more time on philanthropy. He didn’t mention his recent run-ins with Beijing.

Jack Ma just has to survive Xi Jinping’s purge and return as China’s Gorbachev

It is unlikely that billionaire Jack, who was last seen publicly in late October 2020, would go into self-hiding. And even if he is ‘lying low’, it is only to dodge the Xi Jinping administration.

Xi’s push against Jack Ma sparks new threat for China’s tech giants

Beijing’s pursuit of Ant Group plays directly into the hands of China’s biggest critics in Washington. US authorities are now debating whether to ban investments in Alibaba & Tencent.

In China, campaign-style law enforcement isn’t a new phenomenon

The roots of contemporary law enforcement campaigns can be traced back to the revolutionary period of the Chinese Communist Party, which often needed to rely on mass movements.

On Camera

YourTurn

US President Joe Biden speaks in the East Room of the White House in Washington, D.C., on 16 August 2021. Biden defended his decision to withdraw US troops from Afghanistan | Samuel Corum | Bloomberg

US blames failure to shut Pakistan border for Afghan defeat. India, please take note

The US could have used its coercive resources to compel Pakistan to shut down the Taliban’s transborder sanctuaries. It chose not to—costing its victory.
Vendors at a store selling edible oils at Begum Bazaar in Hyderabad, India| Photographer: Dhiraj Singh/Bloomberg

Modi govt to allow duty-free import of soybean, sunflower oil, cool surging prices

The government will permit purchases of 2 million tons each of the two vegetable oils per annum this fiscal year and the next, according to a notification by the finance ministry.

Defence

Naval helicopters | Representational image | indiannavy.nic.in

What’s Combined Military Forces-Bahrain? US-backed coalition India joined on Quad sidelines

India is 35th member of the maritime counterterrorism partnership that also includes Pakistan, Australia, Bahrain, Denmark, Egypt, France, Germany and Greece, among others.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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