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Ma-Win, World’s Largest 35 Trillion Won Company Listed on ‘Bubbles’ List
The Chinese government is warning Ma Yun head-on … “Don’t neglect the supervisory authorities”
Chinese Authorities ‘Handle’ Personality of Ma Yun’s ‘Pawn Shop’ Comments
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Since the Chinese government abruptly stopped listing Alibaba founder Ma Yun’s “ biggest ” company last year, they are in fact demanding that they leave the financial industry. Chinese authorities also issued a direct warning, saying: ‘Do not look at the government lightly’, but Ma Yun, the ‘information technology myth’ in China, is facing the biggest crisis since the beginning of the year. Correspondent Kang Seong-woong reports from Beijing. The ordeal of Ma, the founder of Alibaba, the world’s largest e-commerce company, began last November. That’s when the Chinese authorities suddenly stopped the public offering of Ant Group, Ma Yun’s fintech company. The Chinese government is in a position where the big data and mobile finance industry that Ma Yun was trying to introduce is premature. Ma Yun, who tried to write the myth once again with a 35 trillion won price, the largest in the world stock market, hit a wall. However, the ‘top listing’ was not the end. The Chinese authorities have listed Ant Group’s requirements to focus only on the current payments business. It is abandoning the plan to create the largest financial company based on Alipay, a payment application used by a billion people. In addition, Antgroup directly warned that it was not aware of the law and was ignoring the supervisory authorities. Ma Win’s “practical” move was a resounding moment for Ma Win’s forum speech in October. The Chinese financial market, focused on large state banks, was hit squarely by the name of a pawn shop. At that point, the heads of the financial oversight organizations who attended the forum brought back a subsequent storm. In the end, Ma and Ant Group are accepting most of the demands of the Chinese authorities for regulations and business reorganization. Ma Window, who is called the “living myth of information technology” in China, faces the biggest crisis since the beginning of the year, as he cannot lose sight of the power of the Chinese authorities. YTN Sungwoong Kang in Beijing[[email protected]]is.