China Likely To Nationalise Jack Ma's Alibaba And Ant Group: Reports


Source: newsdig.in

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China Likely To Nationalise Jack Ma's Alibaba And Ant Group: Reports China Likely To Nationalise Jack Ma's Alibaba And Ant Group: Reports 14th January 2021 05:26 am Outlook The Chinese government is considering to nationalise Jack Ma's Alibaba and the Ant Group, reports claimed. This comes in the backdrop of China initiating an investigation to probe Ant Group. Interestingly, Jack Ma had delivered a speech on 24 October criticising China's bureaucratic system, alleging that it stifled innovation and he equated banking regulations to an "old people's club". "Based on tip-offs received by the State Administration for Market Regulation in recent...