• Write for Us
  • Advertise
  • About
  • Contact
Thursday, September 21, 2023
British Herald
Advertisement
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion
No Result
View All Result
British Herald
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion
No Result
View All Result
British Herald
Home World Asia

Alibaba’s Jack Ma is a Communist Party member, China state paper reveals

Editorial Bureau by Editorial Bureau
November 27, 2018
0
Alibaba’s Jack Ma is a Communist Party member, China state paper reveals

FILE PHOTO: Jack Ma, co-founder and executive chairman of Alibaba Group, waits before a meeting of Russian President Vladimir Putin with representatives of the foreign business community on the sidelines of the Eastern Economic Forum in Vladivostok, Russia September 11, 2018. Valery Sharifulin/TASS Host Photo Agency/Pool via REUTERS

74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

SHANGHAI (Reuters) – Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd <BABA.N> and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.

You might also like

North Korea Unveils New Nuclear Attack Submarine to Counter U.S. Naval Power

On Track for Diplomacy: Kim Jong Un’s Symbolic Train Ride Redux

Fukushima Fish Prices Drop Amidst Concerns Over Release of Radioactive Wastewater

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.

It was unclear why the paper chose to mention Ma’s affiliation now but it comes amid a push by Beijing to bring the country’s private enterprises more in line with Party values, especially in the technology sector that has grown rapidly, driven by the successes of private firms.

Ma, who announced in September he would step down as Alibaba chairman next year, is China’s highest-profile business leader. He has acted as an adviser to political leaders in Asia and Europe and fostered big ambitions in the United States.

He has driven Alibaba to become a $390-billion (304-billion pound) giant, which dominates China’s online retail market, stretches from logistics to social media, and has spawned a separate fintech empire around popular payment platform Alipay.

Ma’s political affiliation came as a surprise to many.

Results from domestic search engine Baidu Inc <BIDU.O>, when asked “is Jack Ma a Communist Party member”, also mostly said that he was not.

Alibaba declined to comment on Ma’s Party membership, but said political ties did not impact the firm’s operations.

“Political affiliation of any executive does not influence the company’s business decision-making process,” a spokesperson said in emailed comments to Reuters on Tuesday.

“We follow all laws and regulations in countries where we operate as we fulfil our mission of making it easier for people to do business anywhere in the digital era.”

The People’s Daily list also included Baidu head Robin Li and Tencent Holding Ltd <0700.HK> chief Pony Ma, though did not name either of them as Party members. Baidu, Alibaba and Tencent together make up the “BAT” trio of China’s top tech firms.

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

(Reporting by Adam Jourdan and John Ruwitch; Editing by Emelia Sithole-Matarise and Himani Sarkar)

Share30Tweet19
Editorial Bureau

Editorial Bureau

Recommended For You

North Korea Unveils New Nuclear Attack Submarine to Counter U.S. Naval Power

September 8, 2023
North Korea Unveils New Nuclear Attack Submarine

North Korea has announced the christening of a purported nuclear attack submarine it has been developing for years. Leader Kim Jong Un described this development as a crucial...

Read more

On Track for Diplomacy: Kim Jong Un’s Symbolic Train Ride Redux

September 6, 2023
Kim Jong Un's Symbolic Train Ride Redux

Kim Jong Un's Symbolic Train Ride to Rekindle Diplomacy North Korean leader Kim Jong Un may be planning a visit to Russia this month for discussions with Russian...

Read more

Fukushima Fish Prices Drop Amidst Concerns Over Release of Radioactive Wastewater

August 26, 2023
Fukushima Fish Prices Drop

Fish auction prices at a port south of the Fukushima Daiichi nuclear power plant fell on Friday as uncertainty looms over consumer reactions to the release of treated...

Read more

Thaksin Shinawatra Transferred to Hospital Shortly After Return to Thailand

August 23, 2023
Thaksin Shinawatra Transferred to Hospital Shortly After Return to Thailand

Thailand Ex-Prime Minister, Thaksin Shinawatra, was swiftly transferred from prison to a hospital early Wednesday. Mere hours after he made a high-profile return to the country from a...

Read more

North Korea Faces Escalating Human Rights Crisis as Repression Mounts: UN

August 18, 2023
North Korea Faces Escalating Human Rights Crisis as Repression Mounts: UN

The United Nations' top human rights official shed light on the alarming escalation of human rights abuses in North Korea. Accompanied by worsening economic conditions and increasing desperation...

Read more
No Result
View All Result
Amazon

Amazon drops planned merchant fee as FTC lawsuit looms

September 21, 2023
Twitter climate change report

Twitter ranks worst in climate change misinformation report

September 21, 2023
Andre Onana

Andre Onana takes responsibility as Manchester United lose at Bayern Munich

September 21, 2023

Tags

australia boris johnson brexit britain British Herald CHINA Coronavirus coronavirus outbreak COVID-19 COVID-19 Vaccine daily roundup Donald Trump Dubai expo 2020 england europe European Union facebook France germany Hong Kong india iran israel italy japan joe biden lockdown London News new zealand north korea politics Rishi Sunak russia south korea spain taiwan trending Trump turkey Twitter UK Ukraine usa worldnews
British Herald

Top News in World: Read Latest News on Sports, Business, Entertainment, Blogs and Opinions from leading columnists.

CATEGORIES

  • Africa
  • Articles
  • Asia
  • Brand Feature
  • Business
  • Climate & Environment
  • Companies
  • Crypto
  • Culture and Lifestyle
  • Daily Roundup
  • Economics
  • ECONOMY
  • Entertainment
  • Europe
  • Fashion
  • Finance
  • Financial Markets
  • Fintech
  • Health
  • IN UK 01
  • IN UK 02
  • Investing
  • Latin America
  • Market
  • Middle East
  • Oceania
  • Opinion
  • Pharma/BioTech
  • Politics
  • Reviews
  • Science & Technology
  • Sport
  • Sustainability
  • Tech
  • Technology
  • Travel
  • UK
  • Uncategorized
  • USA
  • Videos
  • World

BROWSE BY TAGS

australia boris johnson brexit britain British Herald CHINA Coronavirus coronavirus outbreak COVID-19 COVID-19 Vaccine daily roundup Donald Trump Dubai expo 2020 england europe European Union facebook France germany Hong Kong india iran israel italy japan joe biden lockdown London News new zealand north korea politics Rishi Sunak russia south korea spain taiwan trending Trump turkey Twitter UK Ukraine usa worldnews

Herald Media Network Limited (UK). 2023. ALL RIGHTS RESERVED.

No Result
View All Result
  • Home
  • World
    • UK
    • Europe
    • Asia
    • Africa
    • Oceania
    • USA
    • Middle East
    • Latin America
  • Politics
  • Business
    • ECONOMY
    • Financial Markets
    • Companies
  • Sport
  • Fintech
  • Videos
  • BH Magazine
  • More
    • Health
    • Entertainment
    • Science & Technology
    • Climate & Environment
    • Sustainability
    • Food and Travel
    • Fashion
    • Culture and Lifestyle
    • Articles
    • Opinion

Herald Media Network Limited (UK). 2023. ALL RIGHTS RESERVED.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Go to mobile version