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What really happened to Jack Ma?

forbes.com

41–50 of 210 posts

Re: What really happened to Jack Ma?

#41
post #25
post #18

I think this, in combination with the author's previous article about the moves the CCP have made on Ma's business make it pretty clear what is happening. Ma is being held whilst his businesses are dismantled. Ant is being turned into a traditional bank, Alibaba is being attacked from several directions, Ma's university (a clear source of soft power) is being shut down. When you then ask where Ma is I would say it's…

What happens if Xi kicks the can tomorrow? How smooth is the transition going to be? China is so massive I cant understand how they dont have multiple power centers bumping into each other all the time.

Xi has been in power for under a decade, and there likely are many competing power struggles that take place under him.

Re: What really happened to Jack Ma?

#42
post #30
post #12

Another (more) interesting question would be: What is Jack Ma actually doing with all the money from private loans against his shares? Buying European real estate? We probably will know eventually if $BABA keeps its downward trend and margin calls cannot be fulfilled.

AFAIK it’s usual practice for billionaire founders to fund their lifestyles with loans taken against their stock. If they sold stock, they’d incur large taxes. A loan avoids that.

Wouldn’t they just end up selling the stock to pay the loans, and pay taxes then? It seems more reasonable that they’re betting on the stock values increasing more than the loan interest rate

Re: What really happened to Jack Ma?

#45
post #17

Earlier quoted context omitted.

Please don't take HN threads into generic ideological or nationalistic flamewar. No, we don't care about Xi [1]. We just care about not having tedious and nasty HN threads, which is what comments like this point to. Plesae don't do that here. https://news.ycombinator.com/newsguidelines.html [1] and if you worry that we may secretly be communist agents please see this mini-FAQ: https://news.ycombinator.com/item?id=266…

The poster did not mention ideology or nationalism. Please don't pretend to misinterpret.

One of the HN community standards is not to presume malintent.

Re: What really happened to Jack Ma?

#47
post #38
post #5

One thing that you learn quickly when traveling the world is how easily one can go from having a good time with your friends, to being in a shitty prison without food, running water or a phone to let your family know if you are dead or alive. I have friends travel to interesting places during times of (relative) stability. To paraphrase one of the guys that I know: "When you travel in some of these places, you exist…

Most people are more likely to end up in prison in the USA than they are in China

We don't have reliable prison and sentencing data for China.

Re: What really happened to Jack Ma?

#48
post #17

I hope Xi has a lovely trip to The Hague one of these days.

Please don't take HN threads into generic ideological or nationalistic flamewar. No, we don't care about Xi [1]. We just care about not having tedious and nasty HN threads, which is what comments like this point to. Plesae don't do that here. https://news.ycombinator.com/newsguidelines.html [1] and if you worry that we may secretly be communist agents please see this mini-FAQ: https://news.ycombinator.com/item?id=266…

https://news.ycombinator.com/newsguidelines.html

> Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith.

Re: What really happened to Jack Ma?

#50
post #38

Earlier quoted context omitted.

Most people are more likely to end up in prison in the USA than they are in China

But not because some government official suddenly decided they should. In the USA, the rules are known well in advance. There might be questionable rules, but POTUS cannot decree a rule into existence and put a bag over your head an hour later.

People who spent years in Guantanamo Bay Naval Base (or are still there, after 20 years, without being charged) might disagree with you on that.
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