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Jack Ma is the richest man in Asia
Jack Ma enraged Chinese President Xi Jinping with his critical comments about the government’s actions in the field of finance.
Alibaba founder and owner Jack Ma has lost nearly $ 11 billion in wealth since the end of October. This came after the strengthening of control over the tech giant by the Chinese authorities, who may want to increase the state’s involvement in their businesses, writes The Wall Street Journal, citing sources in government circles in the People’s Republic of China.
In 2020, 56-year-old Jack Ma’s fortune reached $ 61.7 billion and has now dropped to $ 50.9 billion. The businessman fell to 25th on Bloomberg’s list of billionaires.
Earlier, the WSJ reported that the decision to downscale Ma’s financial and technological empire was made personally by Chinese President Xi Jinping, whom the billionaire infuriated with his criticism of the country’s authorities in the field of financial regulation. .
Korrespondent.net wrote in November that the Chinese authorities had declared war on Jack Ma.
We also report that the Chinese authorities are increasing pressure on larger companies. China’s six largest Internet service providers have been required to tighten controls on online commerce.
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