Saturday , January 28 2023

Millionaire owner of Chinese consortium joins the Communist Party


Jack Ma (Photo Reuters)

MIAMI, United States. – The People's Daily, the official body of the Communist Party of China, announced the militancy in its ranks of Jack Ma, founder of Chinese technological giant Alibaba and one of the richest people in the world, AFP reported.

In an article dedicated to influential figures of the Asian giant, the media revealed that Ma is one of the latest incorporations of the party, which already has 89 million members and also tells, among others, that with the titan of the property Xu Jiayin and the founder of the Wanda Wang Jianlin Group.

In addition to embarking on the world of technology, Ma is also considered one of the "prominent architects of socialism with Chinese characteristics in the province of Zhejiang," where Alibaba's headquarters are located.

The People's Diary also points out that Jack Ma is a member played an important role in boosting the "Silk Routes" initiative, an ambitious Euro-Asian investments program of Chinese President Xi Jinping's infrastructure.

Although Ma and other business world figures have publicly declared that they prefer to stay away from politics, membership of the Communist Party may be useful for many of these private entrepreneurs in China, where the government tries to push forward the expansion of the influence of the party in private business.

In the Asian nation it is required that any company with more than three party members establish a cell of the formation. Similarly, it is estimated that three out of four private companies already have party organizations.

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