January 13, 2021

Chinese govt may nationalize Jack Ma's Alibaba and the Ant Group: Reports

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Key Topics in this News Article:

Activist Alibaba Ant Group Antitrust Bank China Chinese Communism Communist E-Commerce education Expansion Finance Internet Jack Ma Online Payment Online Shopping Propaganda Technology United Kingdom

News Snapshot:

: Tuesday, January 12, 2021, 11:12 PM IST Chinese govt may nationalize Jack Ma’s Alibaba and the Ant Group: Reports By IANS AFP Prominent investor Carson Block has warned that Chinese shares are “uninvestible” following the disappearance of billionaire Alibaba founder Jack Ma, Daily Mail UK reported. As per the report, Block, one of the world’s best-known activist investors, said Ma’s disappearance is “just one of the reasons” he is betting against Chinese firms. He said his main concern is dodgy accounting practices, but he also hit out at poor oversight of the way companies are run and the huge…

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Chinese govt may nationalize Jack Ma's Alibaba and the Ant Group: Reports

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