Alibaba - BABA


(Alex Sherwood) #1

alibaba-logo-300x131

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet, AI and technology.

https://en.wikipedia.org/wiki/Alibaba_Group

https://www.google.co.uk/finance?q=NYSE:BABA


(Alex Sherwood) #2

Jack Ma Confirmed as Chinese Communist Party Member - Bloomberg

I’m guessing this ‘legitimises’ his wealth (“it’s ok, he’s basically part of the government anyway”) but there’s been a lot of purging of ‘corrupt’ officials in the communist party so he’s obviously not safe here. I’m not sure what a safe billionaire looks like in China to be fair.


(Vladislav Kozub) #3

Considering he is not a politician/statesman at all, only a mere businessman, I believe he is quite safe against corruption shakedown.

All they need from him is data on every Chinese business/customer that operate via Alibaba Group. I think the fact he joined the party only means he is more than happy to share everything they need, which is expected if you want to have a safe life :slight_smile: