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November 27, 2018 20:45:38
The leader and co-founder of the online trading giant Alibaba has been confirmed as a Communist Party member by the Chinese newspaper The People's Daily.
Key points:
- Mr Ma announced in September that he would step down as President of Alibaba next year.
- It was previously believed that he had no political connection
- Mr. Ma will be among the 100 personalities honored by the CCP
Billionaire Jack Ma, 54, was thought to have no political connection, but the paper called Mr. Ma a member of the CCP to announce his intention to honor 100 people for their contributions to development. of the country as part of a celebration of the 40th anniversary of the country's economic reform.
Under his leadership, Alibaba ranks among the top 10 global companies in terms of market value, making China a major player in the e-commerce, internet finance and cloud computing industries, generating many entrepreneurs and start-ups, "the newspaper said.
Mr Ma announced in September that he would step down as President of Alibaba next year.
His leadership in the most dominant online retail market in China has brought the value of the company to nearly $ 540 billion.
Alibaba told Reuters by email that an officer's political ties "would not influence the decision-making process of the company".
"We comply with all applicable laws and regulations in the countries in which we operate, and we fulfill our mission of facilitating business transactions for individuals throughout the digital age," the company said.
Mark Natkin, chief executive of Beijing-based Marbridge Consulting, told Bloomberg that China is strengthening its relationship with the country's leading Internet companies in order to materialize its initiatives.
"Being a member of the party basically means silencing the legitimacy of the party and that does not necessarily mean a particularly high level of political activity," said Natkin, according to Bloomberg.
Pony Ma, head of Tencent Holdings, and Robin Li, CEO of Baidu, were also on the list of honored members.
With Alibaba, the three Internet giants are China's largest technology companies.
Topics:
Communism,
Advertising and marketing,
retail,
China
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