Saturday , March 6 2021

Jack Ma Alibaba is a member of the Communist Party, China's state newspaper reveals

SHANGHAI (Reuters) – Jack Ma, head of Alibaba Group Holding Ltd, the leading Chinese company, is a member of a Communist Party, said Plaid newspaper on Monday, arguing as a public assumption that the billionaire was not politically.

FILE PHOTO: Co-founder and Chair of the Alibaba Group, Jack Ma, attend "Trade 2030" World Trade Organization (WTO) Forum in Geneva, Switzerland, October 2, 2018. REUTERS / Denis Balibouse / File Photo

People's Daily declared the membership of the May Party in a list of 100 people who said he had helped drive the country's "reform and open" process. If China's richest man is a fortune of $ 35.8 billion, according to Forbes.

It was not clear why the paper chose to talk about Big Connection now but it's finding Beijing to bring the country's private enterprises more in line with Plaid's values, especially in the growing technology sector & Quickly driven by the successes of private companies.

Ma, who announced in September, that he would step down as Alibaba's chairman next year, is China's top profile business leader. He has acted as a councilor to political leaders in Asia and Europe and fosters great ambitions in the United States.

It has driven Alibaba to be a huge amount of $ 390 billion, which dominates China's online retail market, extends from logistics to social media, and has turned out a separate imperial empire around a popular platform Alipay.

Ma's political engagement was a surprise for many.

Baidu Inc's domestic search engine results, when asked "is a member of the Communist Party Jack Ma", he also said he was not.

Alibaba refused to comment on Plaid Ma's membership, but said that political relations did not affect the operations of the company.

"The political association of any executive does not influence the company's business-making process," said a spokesman in e-mail comments to Reuters on Tuesday.

"We follow all the laws and regulations in countries where we act as we fulfill our mission to make it easier for people to do business anywhere in the digital era."

The People's People's list also included the chief head of Baidu, Robin Li and Tencent Holding Ltd, the chief Pony Ma, although they did not name either as Plaid Members. Baidu, Alibaba and Tencent jointly form the "BAT" of Chinese technology companies.

The paper did not say when Ma had become a member of Plaid.

Report by Adam Jourdan and John Ruwitch; Edited by Emelia Sithole-Matarise and Himani Sarkar

Our Standards:Principles of the Thomson Reuters Trust.

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