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Jack Ma is a very good capitalist, especially for a communist.
State-backed Chinese media revealed on Monday that the founder and chairman of the Alibaba group was officially a member of the Communist Party. Ma is the richest individual in Asia, with a fortune of about $ 35.8 billion, according to Forbes and Alibaba.
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is a heavyweight Internet worth about $ 390 billion.
Ma's political affiliation has never been publicly confirmed and has surprised some. Ma was not perceived as being particularly comfortable with Beijing, once making fun of her relationship with the Chinese government: "As always, be in love with them, but do not marry them."
Ma announced that he would step down as president of Alibaba next year, and the company said his party membership would not affect the operations. "The political affiliation of the officers does not influence the decision making process of the company," said an Alibaba spokesman to Reuters.
Ma's status was revealed in a People's Daily article on about 100 personalities honored by the Chinese Communist Party for playing a key role in the development of China, on the occasion of the 40th anniversary of the Chinese Communist Party. China's openness to economic reforms. Other winners included Tencent Holdings
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Chief Executive Officer Pony Ma and Baidu Inc.
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CEO Robin Li has been identified by the newspaper as non-partisan.
"My 54-year-old CCP member has been a powerful driver of domestic demand," the report said.
The public revelation may have been conceived as a sign that the Communist Party is still in the news in China's modern economy, an expert told Bloomberg News.
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