Ma Ma of Alibaba is a member of the Communist Party, reveals a Chinese newspaper

SHANGHAI: Jack Ma, head of China's best-known e-commerce giant Alibaba Group, is a member of the Communist Party, the party's official newspaper announced Monday (November 26th), refuting the public assumption that the billionaire would be without political ties.

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Why did the newspaper choose to mention Ma's affiliation now, but that comes from the fact that Beijing has pushed its private companies to align more with Party values, particularly in the sector? fast-growing technology, driven by the success of private companies.

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He led Alibaba to become a 390 billion dollar giant, which dominates China's online retail market, extends from logistics to social media, and has created a distinct fintech empire around the world. Alipay popular payment platform.

Ma's political affiliation was a surprise to many.

The results of the national search engine Baidu, when asked "Is Jack Ma is a member of the Communist Party," also indicated that he was not.

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"We comply with all laws and regulations in the countries where we operate, as part of our mission to make it easier for people to do business anywhere in the world. digital."

The People 's Daily list also included Baidu leader Robin Li and Tencent leader Pony Ma, but did not name any of them as party members. Baidu, Alibaba and Tencent together form the BAT trio of China's largest technology companies.

The newspaper did not specify when Ma became a party member.

(Report by Adam Jourdan and John Ruwitch, edited by Emelia Sithole-Matarise and Himani Sarkar)