Alibaba founder missing after criticizing the CCP

[Nouveau Yathrib]

A: I wonder what he did to piss off Xi

B: He is trying to do an IPO for a loan business for low income people with high interest rate. Kinda like payday loan in US but super charged with tech. It is very easy to access through apps and with ads targeting the most vulnerable population e.g. new graduates. Not sure you know how US banks used to lure college student to sign up credit cards? The loan is then packaged as asset and sold to the third party and transfer the risk to society. In other words, they don't even need so much money themselves to give a loan. Sounds similar to the housing crisis in 2008. The government wants it to increase the ratio of their money in the loan amount.

He was publicly saying "996" (12 hours work time from 9am to 9pm for 6 days a week) is a something like gift to people and working class should appreciate it.

His selling platform has exclusive clause for small business owners. So if the owners sell stuff on Jack Ma's platform, they cannot sell somewhere else. It is anti-competitive.

C: It should be noted that "996" for salaried employees is illegal under Chinese labor law, but regulators were willing to look the other way as long as the economy is growing and the right palms are greased. For Jack Ma to go on the record and say what he said (essentially admitting to and even encouraging illegal labor practices) was extremely stupid.

D: since when did the CCP care about labor practices?

C: My point is that they don't necessarily care about illegal labor practices per se, but they do care when someone (especially someone as prominent as Jack Ma) draws attention to the fact that regulators aren't doing anything about a practice that is at the same time widespread and, at least on paper, illegal.

What makes this even funnier is that Ma is literally the opposite of a bleeding-heart labor activist. It's like a bank robber holding a press conference and saying "Hey look at me, I rob people, in fact everyone should rob people because it's better for society and better for the people being robbed". Even if you had some prior arrangement with the cops (the CCP in this example) to look the other way, by putting out this statement you are drawing attention to the fact that they're looking the other way.

Of course, as B already mentioned, this is just one of many things that the CCP is pissed at Ma for.

[The Marlborough]

Won't anyone think of the poor billionaires? The CCP has millions of political dissidents in internment camps and executes hundreds to thousands of people every year, who cares if Xi offed one guy?

Or, both are bad.

The government shouldn't have the power to off even one guy just because of dissent. You could easily argue that the CCP interning the masses and the CCP disappearing this guy are the same problem.

I mean it depends on the kind and scope of dissent tbf. Sedition for example is a type of dissent. Billionaire tech/industrial giants, it's also different because of the power they can and do wield. For example, had Jack Ma threatened to completely rip his industrial workforce out of China, relocate all of the HQ stuff, etc because he disagreed with new regulations meant to keep things in check, it'd be also somewhat understandable; this is basically what Putin did upon obtaining power and few people fault him for going after Berezovsky for instance because Berezovsky was that much of an asshole. In Jack Ma's case, I'd say it is excessive given that it was just standard criticism of how the regulatory system is in China at the moment and nothing really about challenging the CCP's power, but also not really surprising given how the CCP has been lately under Xi which is occurring for a number of reasons.

[The Marlborough]

A: I wonder what he did to piss off Xi

B: He is trying to do an IPO for a loan business for low income people with high interest rate. Kinda like payday loan in US but super charged with tech. It is very easy to access through apps and with ads targeting the most vulnerable population e.g. new graduates. Not sure you know how US banks used to lure college student to sign up credit cards? The loan is then packaged as asset and sold to the third party and transfer the risk to society. In other words, they don't even need so much money themselves to give a loan. Sounds similar to the housing crisis in 2008. The government wants it to increase the ratio of their money in the loan amount.

He was publicly saying "996" (12 hours work time from 9am to 9pm for 6 days a week) is a something like gift to people and working class should appreciate it.

His selling platform has exclusive clause for small business owners. So if the owners sell stuff on Jack Ma's platform, they cannot sell somewhere else. It is anti-competitive.

C: It should be noted that "996" for salaried employees is illegal under Chinese labor law, but regulators were willing to look the other way as long as the economy is growing and the right palms are greased. For Jack Ma to go on the record and say what he said (essentially admitting to and even encouraging illegal labor practices) was extremely stupid.

D: since when did the CCP care about labor practices?

C: My point is that they don't necessarily care about illegal labor practices per se, but they do care when someone (especially someone as prominent as Jack Ma) draws attention to the fact that regulators aren't doing anything about a practice that is at the same time widespread and, at least on paper, illegal.

What makes this even funnier is that Ma is literally the opposite of a bleeding-heart labor activist. It's like a bank robber holding a press conference and saying "Hey look at me, I rob people, in fact everyone should rob people because it's better for society and better for the people being robbed". Even if you had some prior arrangement with the cops (the CCP in this example) to look the other way, by putting out this statement you are drawing attention to the fact that they're looking the other way.

Of course, as B already mentioned, this is just one of many things that the CCP is pissed at Ma for.

You raise a good point about his comments on the 996 issue. That was pretty stupid of him to do. He's been given some pretty generous leeway in the past by the government but it wasn't limitless.

[Bombadil]

A: I wonder what he did to piss off Xi

B: He is trying to do an IPO for a loan business for low income people with high interest rate. Kinda like payday loan in US but super charged with tech. It is very easy to access through apps and with ads targeting the most vulnerable population e.g. new graduates. Not sure you know how US banks used to lure college student to sign up credit cards? The loan is then packaged as asset and sold to the third party and transfer the risk to society. In other words, they don't even need so much money themselves to give a loan. Sounds similar to the housing crisis in 2008. The government wants it to increase the ratio of their money in the loan amount.

He was publicly saying "996" (12 hours work time from 9am to 9pm for 6 days a week) is a something like gift to people and working class should appreciate it.

His selling platform has exclusive clause for small business owners. So if the owners sell stuff on Jack Ma's platform, they cannot sell somewhere else. It is anti-competitive.

C: It should be noted that "996" for salaried employees is illegal under Chinese labor law, but regulators were willing to look the other way as long as the economy is growing and the right palms are greased. For Jack Ma to go on the record and say what he said (essentially admitting to and even encouraging illegal labor practices) was extremely stupid.

D: since when did the CCP care about labor practices?

C: My point is that they don't necessarily care about illegal labor practices per se, but they do care when someone (especially someone as prominent as Jack Ma) draws attention to the fact that regulators aren't doing anything about a practice that is at the same time widespread and, at least on paper, illegal.

What makes this even funnier is that Ma is literally the opposite of a bleeding-heart labor activist. It's like a bank robber holding a press conference and saying "Hey look at me, I rob people, in fact everyone should rob people because it's better for society and better for the people being robbed". Even if you had some prior arrangement with the cops (the CCP in this example) to look the other way, by putting out this statement you are drawing attention to the fact that they're looking the other way.

Of course, as B already mentioned, this is just one of many things that the CCP is pissed at Ma for.

You raise a good point about his comments on the 996 issue. That was pretty stupid of him to do. He's been given some pretty generous leeway in the past by the government but it wasn't limitless.

Well, typically the way this works, and I think it was you who mentioned Fan BingBing earlier, is that this isn't a specific action against an individual but a broader warning to the community. In Fan BingBing's case it was around double contracts, signing one contract for the tax authorities and another for overseas payment. So if that's a problem you don't take out everyone, you take out the biggest player so to say 'see, we can take down anyone we please'. Similar in this case, private enterprise is being increasingly nationalised and restricted under Xi Jinping.. want to grumble about it? Well they take down the biggest private enterprise owner to send a message to everyone else.

[The Federal State of China]

Was he purged or sent to a gulag?

[Bombadil]

Was he purged or sent to a gulag?

Typically he's placed under house arrest for a couple of months and then released making some statement about how sorry he is and how wonderful Xi Jinping is. until that statement is approved at the highest levels he is effectively silenced, and knowing Chinese bureaucracy that process probably takes 2-3 months.

[Parxland]

$50 somebody here defends the CCP's action.

[Greed and Death]

A: I wonder what he did to piss off Xi

B: He is trying to do an IPO for a loan business for low income people with high interest rate. Kinda like payday loan in US but super charged with tech. It is very easy to access through apps and with ads targeting the most vulnerable population e.g. new graduates. Not sure you know how US banks used to lure college student to sign up credit cards? The loan is then packaged as asset and sold to the third party and transfer the risk to society. In other words, they don't even need so much money themselves to give a loan. Sounds similar to the housing crisis in 2008. The government wants it to increase the ratio of their money in the loan amount.


Of course, as B already mentioned, this is just one of many things that the CCP is pissed at Ma for.

It is worth noting that collateral for loans that target young women age 18 to 25 is often nude photos with a copy of her ID and home ( parents) address. If she fails to meet the loan requirements things get sold to porn sites.

[Nouveau Yathrib]

A: I wonder what he did to piss off Xi

B: He is trying to do an IPO for a loan business for low income people with high interest rate. Kinda like payday loan in US but super charged with tech. It is very easy to access through apps and with ads targeting the most vulnerable population e.g. new graduates. Not sure you know how US banks used to lure college student to sign up credit cards? The loan is then packaged as asset and sold to the third party and transfer the risk to society. In other words, they don't even need so much money themselves to give a loan. Sounds similar to the housing crisis in 2008. The government wants it to increase the ratio of their money in the loan amount.


Of course, as B already mentioned, this is just one of many things that the CCP is pissed at Ma for.

It is worth noting that collateral for loans that target young women age 18 to 25 is often nude photos with a copy of her ID and home ( parents) address. If she fails to meet the loan requirements things get sold to porn sites.

y i k e s

If this is true... no wonder shit went down.

[Nekostan-e Gharbi]

A: I wonder what he did to piss off Xi

B: He is trying to do an IPO for a loan business for low income people with high interest rate. Kinda like payday loan in US but super charged with tech. It is very easy to access through apps and with ads targeting the most vulnerable population e.g. new graduates. Not sure you know how US banks used to lure college student to sign up credit cards? The loan is then packaged as asset and sold to the third party and transfer the risk to society. In other words, they don't even need so much money themselves to give a loan. Sounds similar to the housing crisis in 2008. The government wants it to increase the ratio of their money in the loan amount.

He was publicly saying "996" (12 hours work time from 9am to 9pm for 6 days a week) is a something like gift to people and working class should appreciate it.

His selling platform has exclusive clause for small business owners. So if the owners sell stuff on Jack Ma's platform, they cannot sell somewhere else. It is anti-competitive.

C: It should be noted that "996" for salaried employees is illegal under Chinese labor law, but regulators were willing to look the other way as long as the economy is growing and the right palms are greased. For Jack Ma to go on the record and say what he said (essentially admitting to and even encouraging illegal labor practices) was extremely stupid.

D: since when did the CCP care about labor practices?

C: My point is that they don't necessarily care about illegal labor practices per se, but they do care when someone (especially someone as prominent as Jack Ma) draws attention to the fact that regulators aren't doing anything about a practice that is at the same time widespread and, at least on paper, illegal.

What makes this even funnier is that Ma is literally the opposite of a bleeding-heart labor activist. It's like a bank robber holding a press conference and saying "Hey look at me, I rob people, in fact everyone should rob people because it's better for society and better for the people being robbed". Even if you had some prior arrangement with the cops (the CCP in this example) to look the other way, by putting out this statement you are drawing attention to the fact that they're looking the other way.

Of course, as B already mentioned, this is just one of many things that the CCP is pissed at Ma for.

It’s much simpler than that lol. One thing about China is that people in power are generally very petty and have very thin skin. If A offends B (a superior) in a minor way even though B isn’t actually harmed they would just harm A for the sake of it.

[Intaglio]

Just China being China

[Nekostan-e Gharbi]

Just China being China

Exactly. From the first China (Qin) to the current one China hasn’t changed.

https://www.tabletmag.com/amp/sections/ ... ina-empire

[Commonwealth of Baker Park]

yawn

And the real world continues rotating around its axis.
If you don't want to get covered in shit, don't roll around with pigs in the sty.

Selah.

[Sungoldy-China]

He will be fine，

It's a shame not to be able to see him hanged on a street lamp，

[Nekostan-e Gharbi]

He will be fine，

It's a shame not to be able to see him hanged on a street lamp，

You know he won’t be fine. Anyone who knows how China functions knows he won’t lol. Tell me what happened to Ming Xu..

[The Sherpa Empire]

This reminds me of Sulla's proscriptions. I wonder if someone in government just wanted an excuse to take some of that money for themselves.

[Nekostan-e Gharbi]

This reminds me of Sulla's proscriptions. I wonder if someone in government just wanted an excuse to take some of that money for themselves.

Exactly.

[Kubra]

This reminds me of Sulla's proscriptions. I wonder if someone in government just wanted an excuse to take some of that money for themselves.

Probably not, because financial assets are much more fluid in their value than gold.

[Sungoldy-China]

He will be fine，

It's a shame not to be able to see him hanged on a street lamp，

You know he won’t be fine. Anyone who knows how China functions knows he won’t lol. Tell me what happened to Ming Xu..

Ming Xu is an old-fashioned businessman who profited through simple collusion and corruption，

Jack Ma is a standard Wall Street capitalist, this kind of devil knows how to profit through the system and finance, he will be fine .
But if this devil really hanged on the street lamp, I will have greater confidence in China's future.

[Nevertopia]

You know he won’t be fine. Anyone who knows how China functions knows he won’t lol. Tell me what happened to Ming Xu..

Ming Xu is an old-fashioned businessman who profited through simple collusion and corruption，

Jack Ma is a standard Wall Street capitalist, this kind of devil knows how to profit through the system and finance, he will be fine .
But if this devil really hanged on the street lamp, I will have greater confidence in China's future.

The CCP should be replaced by a better party, would you agree?

[Sungoldy-China]

Ming Xu is an old-fashioned businessman who profited through simple collusion and corruption，

Jack Ma is a standard Wall Street capitalist, this kind of devil knows how to profit through the system and finance, he will be fine .
But if this devil really hanged on the street lamp, I will have greater confidence in China's future.

The CCP should be replaced by a better party, would you agree?

what kind of better party ?
I can't imagine a better party look like ,
A democratic party ultimately maintains its rule by inciting conflicts and transferring conflicts ？
A party controlled by big capital will transfer its work to Africa or Southeast Asia and hand the country to a financial evil like Wall Street.
Or is it to be trapped between various parties and then take ten years to build a subway?
China is too close to Russia and Japan. Given the weakness of democracy, Only a more authoritarian party will replace CCP, not a more democratic and free one.

[New Visayan Islands]

You know he won’t be fine. Anyone who knows how China functions knows he won’t lol. Tell me what happened to Ming Xu..

Ming Xu is an old-fashioned businessman who profited through simple collusion and corruption，

Jack Ma is a standard Wall Street capitalist, this kind of devil knows how to profit through the system and finance, he will be fine .
But if this devil really hanged on the street lamp, I will have greater confidence in China's future.

He will be fine，

It's a shame not to be able to see him hanged on a street lamp，

This right here is how you get *** three days off for trolling. *** Appeals may be made through our Getting Help page.

Thanks!
NVI

[Nekostan-e Gharbi]

The CCP should be replaced by a better party, would you agree?

what kind of better party ?
I can't imagine a better party look like ,
A democratic party ultimately maintains its rule by inciting conflicts and transferring conflicts ？
A party controlled by big capital will transfer its work to Africa or Southeast Asia and hand the country to a financial evil like Wall Street.
Or is it to be trapped between various parties and then take ten years to build a subway?
China is too close to Russia and Japan. Given the weakness of democracy, Only a more authoritarian party will replace CCP, not a more democratic and free one.

Lol hahahaha.

Do you need authoritarianism to not be invaded by Russia? Nope, especially when one has nukes. Well, is Finland authoritarian? Nope? Is Japan authoritarian? Nope?

Sinostatism is definitely an interesting phenomenon.

[Nekostan-e Gharbi]

You know he won’t be fine. Anyone who knows how China functions knows he won’t lol. Tell me what happened to Ming Xu..

Ming Xu is an old-fashioned businessman who profited through simple collusion and corruption，

Jack Ma is a standard Wall Street capitalist, this kind of devil knows how to profit through the system and finance, he will be fine .
But if this devil really hanged on the street lamp, I will have greater confidence in China's future.

Wow. Lol.

[Kowani]

Update: Jack Ma has reappeared