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


Source: freepressjournal.in

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: 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...