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BEIJING: Jack Ma (peak), founder of the Chinese technology giant Alibaba, is among the richest people in the world, but he has now become a member of another club: the Chinese Communist Party, made up of 89 million people.
Communist good faith of the billionaire was revealed by the Daily People, official spokesman of the party, in an article congratulating the people who contributed to the development of China.
He is neither the first nor the last super-rich Chinese capitalist to join the party, which counts among its billionaire members the titan of the property Xu Jiayin and the founder of the Wanda group, Wang Jianlin.
But Ma's affiliation was not known until now, because the richest man in China had already suggested preferring to stay out of politics.
In the Monday article, the Daily People Ma said Ma was a party member who played an important role in promoting China's Global Belt and Road Business Initiative Initiative – a favorite project of President Xi Jinping.
He has also been honored as one of the "outstanding builders of Chinese-feature socialism in Zhejiang Province," where Alibaba is based, the newspaper reported.
Joining the party can be helpful to the country's private businessmen and women who navigate in a complex commercial environment where the state-dominated economy dominates many industries and where private businesses can be unwelcome
Xi renewed his efforts to extend the Communist Party's influence in private enterprises, forcing any company with more than three members to create a cell, or even an insufficient number, to join neighboring companies.
Three out of four private companies already host holiday organizations.
"We have to do a good job in the education and management of party members and guide them so that they play an active role," Xi told officials in Shanghai earlier this month, highlighting the increase in the number of private jobs and new types of jobs.
Xi insists that the party and the companies mingle more, with the latest rewriting of the rules for party organizations released Sunday.
In private companies, party cells must "guide and supervise the company so that it strictly complies with national laws and regulations," says the draft decision.
Ma did not disclose her membership in the Communist Party in documents related to the IPO of Alibaba in 2014 on the New York Stock Exchange. It is not known if Ma was a member at the time.
Ma, who announced in September that he will step down as head of Alibaba next year, has already said he prefers to keep the Chinese state at bay.
But party members must raise their right fist and recite an oath when joining.
"Be faithful to the party, work actively, fight for communism, always be ready to sacrifice everything for the party and the people, and never betray the party," they recite. – AFP
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