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‘IT Myth’ Ma Yun frustrated entering big data-based finance
Chinese government ‘disavows’ Ma Win’s listing in finance companies … “Premature”
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”
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.
[왕원빈 / 중국 외교부 대변인 (지난해 11월 4일) : 상장 중단은 자본 시장의 안정을 더욱 잘 지키고 투자자의 권익을 보호하기 위해 내린 결정입니다.]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.
[관영 CCTV 방송 (지난 12월 28일) : 관리 체제의 불건전, 법률 의식 미약, 감독 규정 에 합당한 요구 무시, 감독 규정 위반한 이익 추구 등 앤트그룹 경영상 주요 문제를 지적했습니다.]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.
Reporter: Sungwoong Kang
Photo Editing: Go Kwang
Graphics: Minsoo Kang
Subtitle News: Yoo Ji Hye
