Saturday , October 1 2022

They reveal that the richest man in China is affiliated with the Communist Party of his country


Jack Ma, the founder of Chinese technology giant Alibaba, He is one of the richest people in the world, but he is also now known to be part of another club, the Chinese Communist Party, with 89 million members.

The adhesion was revealed by the People's Daily, the party's official body, in an article that praises those contributing to China's development.

He is not the first and probably not the last Chinese capitalist millionaire joining the party, who also owns Xu Jiayin and Wanda Jianlin, founder of Wanda Group, as rich affiliates.

Up to now, Ma had told me he preferred to stay away from politics.

In the article published on Monday, the People's Daily notes that Ma is a member of the CCP who played an important role in promoting the Silk Roads initiative, an ambitious program of Eurasian investment in Chinese President Xi Jinping's infrastructure.

He is also considered one of the "remarkable architects of Chinese socialism in Zhejiang province," where Alibaba is headquartered, according to the publication.

Party partitioning can be useful for private Chinese entrepreneurs who have to make their way into a complicated business environment where the state economy dominates many industries, and private businesses can be ill.

Xi seeks to reinvigorate the expansion of the Communist Party's influence on private affairs, requiring any company with more than three party members to set up a training cell.

Three out of four private companies already have party organizations.

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