Pony Ma pledged $7.7-billion towards curing societal ills and lifting China’s countryside out of poverty, echoing Xi Jinping’s priorities at a time Beijing is tightening its grip on Internet giants.
Browsing: Xi Jinping
China’s top leader has warned that Beijing will go after so-called “platform” companies, a sign that the months-long crackdown on the country’s Internet sector is only just beginning.
The Biden administration is moving to put semiconductors, artificial intelligence and next-generation networks at the heart of US strategy towards Asia.
For US politicians, China’s potential to dominate cutting-edge technologies poses one of the biggest geopolitical threats of the next few decades. President Xi Jinping is similarly worried the US will block China’s rise.
Alibaba and Ant co-founder Jack Ma has resurfaced after months out of public view, quashing intense speculation about the plight of the billionaire grappling with escalating scrutiny over his Internet empire.
The mid-level bureaucrats left China’s richest man waiting as they prepared for a meeting that would send shockwaves across the financial world.
Chinese President Xi Jinping has called for setting up independent and controllable supply chains to ensure industrial and national security, just as the US moves to cut China off from key exports.
Just as the US government starts looking to rein in, or even break up, big technology companies in the belief they have too much power, China is going in the opposite direction.