Where is Jack Ma? The Truth About Jack Revealed!

[@CyrusJanssen]

Please join my newsletter here: cyrusjanssen.substack.com and if you would like to support the channel and help it grow, please join our community on Patreon: www.patreon.com/cyrusjanssen thank you all for the continued support!

[@張健強-v2n]

很喜欢你之前的视频，什么时候加中文字幕

[@ffdfk5002]

Cyrus jassen, 我是在德国生活了8年的华侨，谢谢你，我受够了这边无止境的分裂仇恨，我希望欧美多一些你这样的人，真正的像你一样懂得尊重包容，世界会越来越好。最后一年在德国，我怀念中国。。。。。i wish ur life heathy and Happy !

[@alexanderxie3909]

America already set a good example on what will happen when the big companies take over the government. Jack Ma has gradually becoming top 1% of the population and the enemy of the rest 99%.

[@williamgoode9114]

IM with auto plug-in tail pipe charging

[@williamgoode9114]

@@BrokeCanadian you are joking

[@shineluvslambiel]

I would not say his problem was just “not being low key”. The real problem was his lack of understanding of the financial world and the absolute necessity of having regulations in place to govern the activities and risk management practices carried out by financial institutions. It was ignorant of him to think that the Ant group could avoid being regulated as a financial institution while they carry out all these financial activities and massively over leverage all under the guise of being a “tech company”. If the Chinese government didn’t step in, this could very well end in another 2008 subprime mortgage like crisis.

[@mingfang1688]

As a Chinese I agree with you much more than with Cyrus on this issue. My friends have been discussing this issue quite a lot. We believe there are even more stories. Jack Ma is not standing for himself. He is now the spokesman of capital, of not just a puppet for capital.

[@panglilla868]

True

[@shawnlu4142]

Agree with you. This is the root cause of the suspending of the ants group IPO. Of course, being low profile is another factor but not the critical one.

[@tutuluvable]

Totally agree with you.

[@chandlerbing8314]

I couldn't agree with you more, I hope Cyrus does read your comment. I love Cyrus's videos especially the one that led him to have the Tedx talk. However, the issue with Jack Ma is not as simple as just "not being low key".

[@jingkun72]

My understanding is that Ant was proposing high volume of high interest loans to people without reasonable credit, then sell the debt to banks. In a nutshell, Jack was on the way to reproduce the 2008 financial crisis in China and the Chinese authority didn't want that to happen. That resulted in the confrontational talk on the Bund.

[@angryyuan7526]

True, that's the key point.

[@tarotaro6933]

Yes. The Ant group is trying to act as a middle man between normal people and the bank, they issue loan and mortgage under less restriction rule so that people can borrow money easier then they will bundle those loan and mortgage and sell it to the bank when themselves acting like a guarantor（of course that will great a short to mid term increase in economy) . But in a long them, this will create a huge impact since restriction and rules are much harder to implement and eventually the market will took over by greed and 2008 mortgage crisis all over again. I think the CCP did a good job shutting down this IPO and reevaluate ant group.

[@jollykuo1981]

I reckon this is a part of the reasons and phenomenons, but it deeply represents that the group of Xi is not holding the same ideology with capitalism group. So government suppressed it. BTW, according to some of the analysis, the suppression of Ant Group was totally authorized by Xi.

[@jingkun72]

@@jollykuo1981 I agree. I do sense a change from a more laissez-faire capitalism approach to a more controlled development approach from the last administration to the current one. Isn't it similar to the US politics that the left and the right takes control of the country in shift? I guess it prevents from going too far in one direction in both cases?

[@yenmcquinn178]

Thank you for your explanation

[@BarrettYT]

More great work laying out the facts and giving people an understanding of Chinese culture. Even having lived here for almost two years I've learned a lot from this video.

[@HKChineseCanadian]

I love your videos too. We need more honest folks like the Barretts and Cyrus Janssen to bring the truth about China to the world. Isn't it sad that the West always thinks the worst of China.

[@Andrew-ib7gs]

Yup - praise doesn't come any higher than from these two Sino experts with their vast experience and deep cultural knowledge. I'm sure Jack Ma can learn the error of his ways from you two!

[@CyrusJanssen]

Glad you enjoyed mate! China is very complex, all of us are learning every day!

[@lvjinbin28]

Basel III created by Westerners after American subprime mortgage crisis 2007, this crisis looted whole middle class wealth of all developed countries, thousands of Chinese factories also went broke but China bailed out USA and world economy by a huge infrastructure economy stimulate plan, that's why you see China built so much highspeed railways in 10 years, USA got hit hardest and still didn't recover from it after 10 years, it created all right-wing populist government in West, this crisis caused Occupy Wall Street, bloody Arab Spring in Libya Syria, so China just doesn't want 2008 Wallstreet crisis to happen again on Chinese economy, a capitalist can't be too big to fail in a socialist country controled by a communist party, surprise? why the poor in West lost so much money but still not get angry but feel sympathy about a Chinese LEHMAN BROTHER in making, Stockholm syndrome?

[@kevinliu2432]

Barrett it's surprising to see you in every comment sections of pro-CCP channel. Keep up the good work. 😃

[@cheese-df1yx]

For China central gov, risk control is very critical. developing too fast may risk whole country though may be good for some industry or companies. So the perspective is different. Ma may not be wrong for Ant group or Alibaba perspective, but he is not in charge of whole country and people. So the overall direction controlled by China Gov is to make sure whole country is developing in stable and sustainable way. The way is new for China, no example, no map or guild. So every step of China move is important, failure will cause huge impact on people. So I personally support the cautious review and action plan done by China gov for this IPO stopping event. Looking at the result is more important than listen what the media say. Just look at the overall development result of China in past 20-30 years, China Gov did right thing for the country and people. So looking forward, I think they will keep the same way to move on.

[@winlaw3571]

Agree. Jack ma has another problem in showing off too much after his success. CCP success on chinese people is greater than jack ma who also doesn't not aware most west both politicians and rich bussiness people and racist are threatening and jealousy to china rise. If jack is sure in his researches he can write to mr xi directly . Mr xi is working tirelessly and i am worried about his health for weight . Mr. Xi might be busy with many mattters particularly Taiwan issues who buy weapons from trump and biden more and more. All asia must be united or west invasions will come into again.

[@BWong1234]

5,000 years of civilization and here now China is applying its wisdom. 👍

[@virtutemodestia3477]

@Charles Schmid lol as supposed to groveling at the altar and feet of Jeff Bezoz, Bill Gates, Elon Musk, Mark Zuckerberg, the Koch Brothers? Lol no thanks. You can keep your fascistic ways of running your country where almost everyone is ready to cannibalize each other to reach the non existent American dream.

[@curiousgeorge3635]

@@BWong1234 Could you help me out here; I seem a bit confused? The dates don't seem to coincide from whence wisdom arises! Chinese civilization has been around for 5,000+ years, yet your current version of China was born in the 1800"s thanks to Chairman Mao and your current President Xi's love affair with Karl Marx. By the way, under Chairman Moe's steady leadership, 30,000,000 Chinese were forced to die an agonizingly painful death by starvation." Chinese Communist Party" quite a history to be proud of, don't you agree!

[@curiousgeorge3635]

@@BWong1234 Could you help me out here; I seem a bit confused? The dates don't seem to coincide! Chinese civilization has been around for 5,000+ years, yet your current version of China was born in the 1800"s thanks to Chairman Mao and your current President Xi's love affair with Karl Marx. By the way, under Chairman Moe's steady leadership, 30,000,000 Chinese were forced to die an agonizingly painful death by starvation." Chinese Communist Party" quite a history to be proud of, don't you agree!

[@garytan9904]

Never let the capitalist corporates get their way and ended like US. As George Carlin says about US " all the politicians are owned"

[@youguanhen9389]

Exactly. Look at what's happening now. A legitimately elected president is censored by capitalism. Trump is awful but he was elected and still has support from over 40% of the population. It's ridiculous that he got censored.

[@lvjinbin28]

Basel III created by Westerners after American subprime mortgage crisis 2007, this crisis looted whole middle class wealth of all developed countries, thousands of Chinese factories also went broke but China bailed out USA and world economy by a huge infrastructure economy stimulate plan, that's why you see China built so much highspeed railways in 10 years, USA got hit hardest and still didn't recover from it after 10 years, it created all right-wing populist government in West, this crisis caused Occupy Wall Street, bloody Arab Spring in Libya Syria, so China just doesn't want 2008 Wallstreet crisis to happen again on Chinese economy, a capitalist can't be too big to fail in a socialist country controled by a communist party, surprise? why the poor in West lost so much money but still not get angry but feel sympathy about a Chinese LEHMAN BROTHER in making, Stockholm syndrome?

[@autumnfar3114]

Cyrus, thank you for sharing your knowledge and observation on Jack Ma and his team. There have been lots of rumours about Jack Ma. I must praise you for your efforts distinguish Chinese Culture and Western Culture. Thank you once again.

[@autumnfar3114]

@@BrokeCanadian Daniel, I disagree with your comments. Perhaps you are not a Chinese and don't understand Chinese culture, you have a wrong perception of China. I was brought up in a mixed culture of Chinese and English. I have the opportunity to understand the two culture. If I were you, I will be anxious to learn the Chinese culture.

[@Chelsea12118]

@@autumnfar3114 no...that one is jealous of China and it's government,or may be a Falungong cult member.🤣🤣🤣

[@autumnfar3114]

@@Chelsea12118 you may be right. It could be due to Fatt Lung Kong - cult. Thank you for the reminder.

[@Shenzhou.]

@@BrokeCanadian Western propaganda also speculated that "North Korean leader *Kim Jung-un is dead"* but turns out that Kim is still very much alive, so what makes you think Jack Ma is dead?

[@pastasoo]

@@BrokeCanadian The problem with western mentality is that, if imagined as a race. Instead of training themselves to run faster, western countries like the US just finds ways to injure everyone else in the race so they can walk to the finish line.

[@Sophia-ox7tx]

Jack Ma is too greedy.💰💰💰 Deng Xiaoping said: Let some people get rich first. Xi said: Never forget the beginning, never forget the mission but Jack Ma forgot them all.

[@kuanged]

Yeah exactly... he got greedy. China should make an example of him. Putting him under house arrest for a while will scare him. They did the same thing to Fan BingBing. At the end of the day, they let such people go. It's like a drunk tank. Keep them in there for a night， 让他们亲醒. Then they will have a fear of God. Then they will have time to understand the impact of their actions on society. Once upon a time, in the US we had penitentiaries, to allow man to reflect in their actions and repent.

[@youguanhen9389]

@@kuanged No Jack Ma did not break the law. He simply utilize the grey zone and make huge profile. Fan Bing Bing committed tax fraud and broke the law. No one can put Jack Ma under arrest at this moment

[@chrisp7110]

Same with alot of western Billionaires. lol. Jeff Bezos just bought a mansion in New york while paying 0 taxes. Infact the government gave him reimbursement.

[@kuanged]

@@youguanhen9389 This is where your system is more flexible than ours. You can nip the problem where it occurs. We have to pass laws to make obvious loopholes illegal which can take years.

[@CyrusJanssen]

Great point Sophia

[@marcoz9591]

Anything about China can be twisted in a negative way. Truly amazing

[@CyrusJanssen]

Unfortunately, most things are always twisted in a bad way

[@miao4884]

Sadly enough, this is what happens every day. Even from you sarcastic tone, I know the bias never ends when it is about China.

[@miao4884]

@Charles Schmid Yup, you really don’t have to twist about China, all you need to do is to get out of “thru and thru corruption bubble” and really look at things and people the same way like you see on your country.

[@freedomofwisespeech7406]

Any positive news can be sensationalised into a gossip piece by some western journalists n media. China is a profitable and headliner just like a superstar chased by paparazzis. How reputable.

[@華夏豆豉儿]

Jack Ma relies on the power behind Wall Street and the official power that China supports him. He wants to use capital to grow and compete with the central bank. In China, financial capital must be controlled by the central government, so that China cannot have a financial crisis similar to Wall Street in 2008. I admire The ability of the Chinese government to govern

[@cashmerecat9269]

In all countries, central bank should be the financial controller. period.

[@rawword]

@@cashmerecat9269 says you? China has a central bank.

[@bujubuju3375]

This why i live the ccp no bilionaire will ever control china.

[@Shenzhou.]

Capitalism *rewards monopolies* like Apple, Google, Facebook, Amazon, dominating their respective industries and eliminating competition. China actually has an *anti-monopoly law* to clamp down on anti-competitive practices in the industry and Jack Ma of Alibaba is being investigated under anti-monopoly law.

[@bigjohn2352]

@@rawword The People's Bank of China is the central bank. Have the power to issue RMB

[@oswaldfung4548]

Another word for "low key" is "modest" which is one of the traditional Chinese virtues.

[@sohhooi]

Yes, spot on! ‘Modest’ best explain the true meaning of what Cyrus tried to explain.

[@putianren]

"Be humble"

[@Time4Peace]

Or humility.

[@jennyong6664]

Modesty...is important trait that young chinese learn since kindegarden

[@maxdc988]

Jack Ma after being crowned the richest man in China has become arrogant. His luck has given him the illusion of all-knowing wisdom. How can you reproach the financial regulators who are the experts in risk management of the financial system. Being the richest man in China is not enough for him and he wanted more riches by expanding his empire into a financial industry devoid of regulations to shackle him. It's simply irresponsible and selfish of him to put the financial system of the whole country at risk in order to fulfill his own ambition.

[@qinby1182]

If anybody say "I do not want to pay anybody else health insurance" they have NO IDEA how insurance works... If you only want to pay your own stuff dont use insurance just save money in a jar or something.

[@kingofapex9493]

Well said.

[@zeyu6820]

True haha insurance is all about paying for other people

[@jenniferzhang864]

Thank you Cyrus! I forwarded your videos to my coworkers and they learned a lot about China.They said thank you for your high quality videos. JiaYou👏👏👏💪

[@CyrusJanssen]

Appreciate the support Jennifer!

[@journeytotheeast6401]

It just puzzle me why those media keep on asking about Jack Ma??? The world is dying with covid-19 and they worries about Jack Ma whereabout??Come on focus on your country and trying to force your gov to act swiftly to tackle the pandemic. That's at least the media can do to help fighting the virus.

[@Wann-zo7rn2qn4i]

Because it is too good a handle for another anti-China conspiracy theory. 😂 Covid-19 news is now same old, same old.

[@journeytotheeast6401]

@Kent Wan . indeed 👍

[@iaam8141]

The western fake news media has an agenda. All they do is make China look bad. They certainly will not acknowledge China's socialism with Chinese characteristics takes care of the people's interest; whereas western capitalism generally takes care of cronies' interest.

[@JaYoeNation]

thanks, Cyrus... really appreciate you laying it out here for me. Hope others can use this video to help understand how china's system is different.

[@MsOpineminded]

I feel like you guys are doing a valiant job and a noble one but you guys are (no offense) pissing in the wind. 1) These Fake News outlets are so rabid and rampant. BBC is guaranteed to publish at least one put down article on china a day. The latest today is Sudworth accusing China of propoganda with their piece on his non visit to the garment factory in Xinjiang. This Jack Ma issue is now old fake news. Yesterday the issue was Huawei and their "Uighur alert" App, Huawei of course is so rubbish at PR we have yet to hear a response. There was also the disingenuous interpretation of SinoVac's vaccine numbers claiming a lower efficiency of under 50% without providing the context. sinovac at least responded but alas it is insufficiently widely reported. How are you guys going to keep up with the pace these fakeNews groups can manage? even watching this report, Epoch Times popped up bc KZbin is shamelessly still taking its money despite the blowback during the Capitol Riots and the obvious active hand Epoch Times (funded by the same US govt) is playing on US domestic stability with its Fake news on "The Steal". 2) The numbers you guys get in terms of hits pale in comparison to some charlatans like John Oliver or that amateur girl wandering an empty alley way in Xinjiang for Vox and claiming all the Uighurs have gone missing. They hit 6-8m easy. Unless you guys can engage some of the more popular Vblogs like Joe Rogan or Ben shapiro to at least have a healthy debate on say 'Fake news' (as a way in to discussing Fake news on china as well), you are not making a dent. 3) The other thing is most of the people who tune in to your channels are probably people who are already 'sympathetic'. Unless you can attack the Mainstream media (eventually) by perhaps first exposing fake (or at least extremely poorly corroborated) news...its a slog up a very steep hill. Thanking you for your efforts otherwise all the same. Just being frank.

[@MsOpineminded]

The other thing is I think people like Daniel need to be very careful how close he gets to CGTN (Great trip to Tibet with them but it could be ammunition used against him). Cyrus has good credentials bc he is a registered Republican but some other posters with a more 'socialist' heavy ban will not play to a wider audience in the US at least. And that's part of the problem bc everyone is searching for news they want to hear. YOu end up with hermetically sealed echo chambers. How you can engage the other side and get them to listen to your side of the story is the biggest challenge.

[@Michael-kv9pp]

@@ahmadfordham4630 it has been covered by 'China teacher brand'

[@CyrusJanssen]

My pleasure Matt...want people to know the truth and have a better understanding of China...as we know, it's a complex country and culture!

[@lvjinbin28]

Basel III created by Westerners after American subprime mortgage crisis 2007, this crisis looted whole middle class wealth of all developed countries, thousands of Chinese factories also went broke but China bailed out USA and world economy by a huge infrastructure economy stimulate plan, that's why you see China built so much highspeed railways in 10 years, USA got hit hardest and still didn't recover from it after 10 years, it created all right-wing populist government in West, this crisis caused Occupy Wall Street, bloody Arab Spring in Libya Syria, so China just doesn't want 2008 Wallstreet crisis to happen again on Chinese economy, a capitalist can't be too big to fail in a socialist country controled by a communist party, surprise? why the poor in West lost so much money but still not get angry but feel sympathy about a Chinese LEHMAN BROTHER in making, Stockholm syndrome?

[@preciousjewels5921]

jack ma is overly ambitious and dangerous with his new idea with ANT

[@lukey08]

@@BrokeCanadian another victim of 5 eyes alliance mainstream media propaganda. Feel sorry for you buddy.

[@preciousjewels5921]

@@BrokeCanadian another moronic comment. sad.

[@Chelsea12118]

@@BrokeCanadian one of the Falungong cult member,feel sorry for you.👎👎

[@princessprecious4591]

Can you guys keep quiet I’m trying to listen here 😅😂😂

[@ronc2010]

An excellent video with points well articulated. There's an old Chinese saying: When the tree grows too big it is subject more to the full force of the wind.

[@中華民國大總統袁-o5m]

哈哈哈 树大招风？

[@hyc1266]

@@BrokeCanadian You don't understand the meaning at all.

[@Music4567able]

I want to ask those people who ask where Jack Ma is also ask : where is Lee Ka Shing? Don't think those tycoons will always show up like a TV star. In Lee Ka Shing's case, he only shows up publicly during the report conferences of his listed companies.

[@thisiskevin1000]

He has retired from the corporate world due to his old age and deteriorating health conditions

[@Music4567able]

@@thisiskevin1000 I mean that even in the era when Lee was still actively managing his business empire, he rarely showed up on the media besides investors relation press conferences to report the interim and annual reports.

[@pastasoo]

The difference with Lee Ka Shing is that he was a truly humble and low-key man.

[@zeissiez]

It has nothing to do with the speech. Jack Ma knew he would not get the approval of the IPO, his speech clearly showed his frustration. The over-leverage (100 times !!!) nature and high interest to loaners with low repayment capabilities of Ant Group is taking huge profit now and leaving huge debts to the people in the future. This will harm physical economy of China. Who wants to put his money into starting a tech company when he would just put his money into this kind of high return fintech companies and get bigger profit? It’s exactly this kind of over-leverage by tiers of financial derivatives that led to the economy crisis in the US in 2008. The same thing happened to Iceland about 10-15 years ago, when the Icelanders no longer do fishing, which was their major source of income and went all out in high profit financial products. Many got rich, until the bubble burst. The Chinese government believes the financial sector should the support for physical economy, it should not hijack money from physical economy. Capitalism knows no social welfare, it’s aim is squarely at maximize profit. Socialism is needed to balance economic dynamics and social welfare. In the US, Capitalists control the government. In China, the government controls the Capitalists.

[@SpiritsBB]

Yeah, my thinking is along the same line: speech is due to knowing he won't get the approval.

[@zeissiez]

SpiritsBB. When a person knows in next days he will get something big he wanted, he will hold his breath and keep low profile until that comes. The speech was clearly an outburst of his frustration.

[@samuelw.127]

I would say Jack Ma's "being over the top" might contribute 10% of the reason Ant's IPO was called back, if not lower. It is a matter of Ant's business model which borrow money from major banks and lend to people that they do not credit check properly. That's a major systemic risk that could well lead the country into another GFC.

[@somethinglikethisone6635]

I like your every episode, but this time, as much as you present the deep root of Chinese culture and government mandate, you miss one thing: Jack ma’s loan shark business which was not regulated enough, but should’ve been.. that is why many Chinese are upset with him, for many young adults being hooked with those loan sharks.

[@jenq6751]

Agreed. Ma uses SUPER high leverage in his ant operation. That itself is a recipe for financial disaster like 2008. China caught it, hopefully, in time

[@codingr2863]

马爸爸不会有事的，关键可能是他最近做的太过火了。。

[@evilpiglet]

Money influencing politics is what caused the decline of America democracy .

[@xya6530]

Wow, getting epoch time ad in the middle of this video. Google is trying hard.

[@CyrusJanssen]

haha they do a very good job of targeting videos

[@codingr2863]

@@CyrusJanssen 我其实很好奇他们是怎么定位的，哈哈哈哈哈哈，我感觉广告的水平很差以至于不容易上当

[@crypto-radio8186]

A app called uBlock Origin on Chrome Windows or Linux a broswer app uBlock Origin no ads anywhere. no ads on KZbin NONE. I used it since 2010. Never see ads again.

[@hyc1266]

@@crypto-radio8186 Many news media wouldn't let you read their news unless you turn off ad blocking.

[@jamest3418]

Perhaps it’s a karma for Jack Ma to be more humble moving forward with more humility.

[@alexbighead4997]

Well said 👍

[@joeawk]

No, Ants can undermine the whole Chinese economy by putting the young into serious debt.

[@putianren]

@@joeawk yes, it is like getting rich overnight WITHOUT working hard. That's not Chinese' culture but a corrupted one.

[@boonseow8338]

低调 didiao can be translated as low profile or be humble.

[@9vfilm476]

有道理

[@tonyshi888]

Or "low key".

[@fatdoi003]

not sure about humble...

[@CyrusJanssen]

Correct! One of my favorite phrases in Chinese!

[@alantan9863]

Agree. If a billionaire from Hong Kong, Singapore, Malaysia or Thailand decides to lay low, there's no speculation. But since jack ma is in mainland China, it's a different story.

[@chenxubin]

Very concise, precise, and informative video

[@gahnyun2016]

Thanks Cyrus. You missed one important thing: Jack was taking his company to the same direction as the bankers in US did before 2008. He became greedy or over ambicious. in the eys of the government, that is too much risk and not healthy for the party/people/country.

[@CalibreWings]

Thank you for this video Cyrus! You are spot on with the mention of 低调, but on the other side of the coin , people would say that it is "suppression" For these people, I feel sorry for them that they "don't get it" There are many permutations for 低调, and one of them is simply humility and "knowing one's place" and these are nothing to do with "suppression" or "oppression". Thanks to your video, I now fully understand what happened to Jack Ma, and I was also concerned before. I can understand that through one's rise, like Ma's, one can get carried away at times if one does not constantly be alert to his own "volume" of how "loud one is speaking". There's also a Chinese saying 饭可以乱吃，话不可以乱讲, which translates to "You can eat whatever you want, but you cannot simply say whatever you want" again, not against "freedom of speech - and even this has its limits as we as seen" it is about you can eat what you want as it only affects you if you get food poisoning but if you say whatever you want, it affects others.

[@sohhooi]

Absolutely. There’s always a limit on freedom of speech even for the POTUS as demonstrated by recent events in the USA.

[@CyrusJanssen]

Thank you my friend! Glad you enjoyed the video. Yes, I agree it's really important to remain humble in China as we know, but probably hard for an entrepreneur like Ma...he is probably used to giving boardroom speeches to BABA employees and challenging them to think outside the box, but that speech in Shanghai was a little too extreme, he definitely regrets it and will learn from this!

[@tuna34joseph]

Best comment I read ❤️

[@CalibreWings]

@@tuna34joseph thank you. And thanks to Cyrus for the video

[@darvislai4220]

Couldn't agree more Cyrus..great insight as always..tx for speaking the truth for China..JiaYou 💪💪💪

[@user-xy8hp6hw4k]

'laying low' yeah, An explanation like this makes more sense than conspiracy theorists expert acting as if they are smart..

[@clickleft9873]

Cyrus, one theory ( I think more likely) is that Jack Ma made the bold comment about the financial risk as the last resort to save the IPO of Ant because regulatory body was weighing how to regulate the FinTech companies like Ant, which has grown too large and posses significant amount of risk.

[@CyrusJanssen]

possible for sure

[@navegantezen5983]

There is also another side of the situation. Ant Group received loans from the Central Bank at a 4% interest rate and lent it up to 14% interest to the users of the system. Moreover, Ant Group was not regulated by financial rules but acted as a digital platform. Alibaba as well as Ant Group has important investment from Goldman Sachs since longtime ago. Now that foreign financial entities would invest in China keeping 100% of their investment its very important that all rules are clear and not abusive with the Chinese consumers. Not all is cultural or an expression of Chinese exotic mindset.

[@teongbengang9515]

Jack Ma is brilliant, he just needs to be a bit more low key.

[@CyrusJanssen]

agree

[@jakesi8170]

Poor Jack..

[@manictiger]

Hard to be low key when your ding dong is hooked to a car battery and your back is stripped of flesh and seared with branding irons. The CCP is pure evil. Don't you ever forget it.

[@jakesi8170]

@@manictiger How are they evil?

[@manictiger]

​@@jakesi8170 False imprisonment, torture, rigged elections, violating human rights, destroying the environment, mass-scale theft, mass murder, human trafficking...

[@pjtam2]

Great job! Cyrus, in elaborating the often misunderstood cultural undercurrent to current affairs. I'm amazed at the level of financial prudence and due diligence the Chinese financial regulatory authorities have taken to step in and halt the ANT Group IPO- its high leverage, high interest rate, unregulated high risk massive consumer lending could easily spiral out of control if left unchecked, much like a financial Ponzi scheme or tsunami bigger than the 2008 US financial crisis. In China, the segregation of good state governance and private business ensures capital (both capital flow and capitalist) works for the people, but not people exploited by the capitalist who funded the politicians. No matter how or who you voted for, the vicious cycle continues.

[@spectrallim4802]

An impressive video which is becoming very usual. Keep up the good work.

[@ericng9813]

Some more fact is the major shareholders of Alibaba is Softbank, so many Chinese said Alibaba is a foreign company. As well as the Ant group after listed, the major shareholder will be foreign funds. Also, Jack Ma was fully aware that Government is preparing to change the financial policy on personal loans. But he insisted to list the Ant Group with high IPO Price before the policy is effective. The stock price will sharp drop after the market realized this new policy and all the small investors will be the victims. Media reported with a photo that Jack Ma have shown up in a funeral of his friend 5 days ago but keep low profile.

[@dannyboy8850]

Cyrus you have an exceptional level of understanding of the Chinese culture which is unmatched among the expats. Thanks for the quick lesson.

[@CyrusJanssen]

Thank you for the kind words and support!

[@chendavid2880]

I’m a Chinese living in Italy. From watching your video I realize how much I still need to learn about my own country and of course about the world

[@hyc1266]

Me too, but in the US.

[@bernardtan9058]

Cyrus, you are indeed a learned professional, especially in being well versed on the Chinese culture. An excellent presentation, and hopefully Jack Ma will surface again and play his part, not based on the American ideology of only making individual rich and powerful and leaving the majority behind. I personally think that the entire world, especially the developing nations should adopt that ideology. In eradicating absolute poverty will there be peace, progress and development.

[@frankcheng1371]

Well and correctly said. Thanks.

[@cindylee106]

Cyrus, I've been following your channel not simply because I am a native Chinese. I am from Academia and I know you have made tremendous amount researches and your understanding of Chinese culture is very impressive. Facts are always louder than big mouths. Very excited to hear your insights.

[@chiakeesame972]

Thank you, Cyrus. Like always, You're the Light. 👍👍👍

[@alvino2211]

Also check who r the major shareholders of alibaba, China dont need its population to spend future $$$ like Americans do

[@tomchan6480]

There was another opinion about the Ant Group. The Ant Group was promoting a spending habit among the young generation which contradicts traditional Chinese saving ideology. We always teach young people to save for future uses. but according to operation of Ant Group, they encourage people to spend more than they earn. Then, Ant Group provides different credit services for these people to get one credit account to cover the debt from the other, as a result, the total debt would be unmanageable. This would affect millions of young fellow in China, so that CCP had to do something that put the situation under control. I learnt this from a Taiwan analyst.

[@liaomatt2084]

Jack ma is lying on an island beach now enjoying his holiday while the world wants to find out where he is.. lol 😂

[@m.0829]

He once said that he'd rather died on a beach than be dead in an office.

[@petercua6158]

In short...no one left behind.

[@rosszografov614]

Cyrus makes really important points here, about the differences between Chinese Communist thinking and Capitalist ideas. The biggest being the focus differences, about the individual in Capitalism and the primary focus on the Social in Communism. Socialism, on the other hand, has always been about a transitional stage from Capitalism on the way out, and then through Socialism building Communism. Hence, Socialism has always been a mixed economy, between the two opposing systems. And that has been the case in all Socialist Countries and their economies. I would say that being low key is not just a Chinese trait but also a Socialist one. I personally have experienced these differences, as I have lived in both systems, all my life, of 62 years. US people often don't understand these differences, claiming that China is a Socialist Country with a Capitalist Economy. That's view is wrong, and it's driven by a set of beliefs, that only Capitalism can be successful in economic matters, where the individual desire for wealth drives the economic wheel, and not social based economy making the individual wealthier. But that's certainly not the case, as we have seen in the west. In that order, individuals have rarely shared much wealth with society, but used wealth for creation of their own power. Also, individual based economies have created many problems, eg. crime, very unequal distribution of wealth, suppressing wage growth, polluting the environment since conception, and producing uneven economies, not where growth is most needed but where the largest immediate profit is, etc. Perhaps the largest disruption of Capitalist economies has been on the social level, displacing large populations and creating entranged social classes, of wealth possession and labour possession. And that's the point, which western governments have tried to balance, mainly from fear of revolution. So, today we have western governments constantly creating Socialist type reforms in their societies, while still insisting on a Capitalist type of economy. That's dispite the fact that it's that type of economy, which produces all these social problems, in the first place. So, today we also have people in the west, who are producing more socially based economic reforms, where the possession of wealth is being directed towards social ownership, eg. small investors own now the majority of shares in many companies, talk for a Living Wage and cashless Society, etc. But we are not there yet. But that's what the Socialist path towards Communism suggests. And noone will be able to stop that roll, as Capitalism is just not coping well in the modern World. And for all of the above, we have China's lead, to thank for. Also, we must not forget the progress the Soviet Union and European Socialism has made. And that includes all the mistakes Socialism has made. Without mistakes and learning from them, we have nothing. But first, we need to get honest about the history. Stop the senseless propaganda, still coming out of entranged Capitalism circles. It's not going to make much difference in the end, but it's only slowing us down. Socialism is the next stage for our World, because it makes sense, and not because we are brainwashed by Marx and Lenin.

[@ZZ-zf5sx]

I am glad that you are talking about this issue from the "low key" point of view. It is a very Chinese way. Really wanted to give you ten thumbs up this time.

[@george6696]

Ma need to keep humble, and avoid to build a big ego of himself, and understand, what he want might not the Chinese want, what he gain will lead China loss

[@kicdekch9116]

Should avoid 2008’s crisis as China is not like USA who can keep on printing money.

[@phuongtu1999]

Very well explained. You are truly great learner and teacher. Great mind with a peaceful heart. Thank you .

[@CyrusJanssen]

Wow, thank you!

[@kzdhcster]

马叔叔用2块钱做100块钱生意，利益自己极大化，风险别人最大化，还挑戰相关部门，不死都剥一层皮。

[@lijun5464]

For a very long time, Chinese government turn a blind eye on Jack Ma ant groups P2P financial business, while cracking down smaller competitors. The good relationship between Ant group and government is ended because a anti monopoly law is recently enforced.

[@qinminwan5835]

Awesome well spoken Janssen!👍👌

[@heping5384]

Cyrus, you views are really remarkable! Great jobs!

[@terryloi6975]

Felt like we are asking "Where Waldo?".

[@albertohuang5913]

You nailed it

[@khenghoontay5763]

LOVE YOUR INTELLIGENT AND YOUR RESEARCH ON THIS MATTER UNLIKE LAZY CHINA HATERS OF THIS WORLD

[@franciswong5341]

Excellent Explanation.

[@Music4567able]

I believe if the US keeps half of its military force, all Americans can enjoy far more better medical welfare. Canadian health care is better than the US because Canada does not need to pay for huge military expenses as the US does.

[@sikampret5125]

That is so true. Which country want to attack US? Which country like to go to war in other country? Only US. They can use their war money to build the country and society

[@Paula49419]

Humble is good figure for good people, both in west and east. 低调。

[@aeycslllamiu2783]

Chinese government doesn’t want to repeat 08’ USA Financial Crisis,

[@dewisundal8143]

Jannsen,what JackM did was totally unacceptable,not just CCP but those who know what happen.Without CCP, do u think JackM can success?Now CCP is proving they can lift u high up & they can pull u down anytime.

[@bclu7343]

Thank you for good sharing !

[@os1611]

A simple way of saying "Business can not be above the laws, and surely not mean to rule the country."

[@heikokuehr]

Thank you Cyrus! Highly appreciated you took the time to put this together. I just shared on Facebook.

[@CyrusJanssen]

Thanks for sharing!

[@cybefutu4885]

postponing listing is not a result of the Shanghai Speech. Actually. Jack Ma's Shanghai Speech is the last try to save the IPO plan .

[@EJTTirona]

Many thanks for this very useful information in understanding China. You are contributing to understanding and, ultimately, peace in our planet. Stay well.

[@TheM0joDoj0]

Individualism was not always the American ideal. It's really a Boomer creation. The original principles of America surround the idea of "We the People". It was different way of just saying, "Society as a whole". A country "For the People, By the People." I hope that America comes back before it's too late.

[@nicksonredfield3925]

Jack Ma is a memeber of CCP, this is the first time western world care about internal issue of CCP, hilarious.

[@mohmeegaik6686]

Thanks Cyrus for your support for China.

[@choegyal100]

That’s really enlightening eye opening awareness. Thanks Cyrus, Plutocracy is the biggest threat to a socialist country !!

[@michaeljiang960]

Really well explained, even as a Chinese I am impressed by your understanding of China and Chinese culture.

[@joselu2623]

Cyrus, you are, as always, a great communicator, clearly explaining what’s happening with Jack Ma and the Ant Group. Excellent presentation. Thank you.

[@billinsf88]

If Ant fails, it’s the government who needs to pick up the tab. Ant needs to follow government regulations. Not difficult to understand.

[@snowysu4291]

Hi Cyrus, 👍👍👍 excelleent analysis of Jack Ma current situations. The world need to has more truely professional ( non biased ) like you and many righteous Vlogger on China and its people.

[@non-standardproletarian3356]

At this time, the 1% who run US media dislike this video.

[@tonyeclau]

Excellent! Excellent! Excellent! You truly do understand the Chinese and China. Many thanks for this video. Well done! I thought Jack was being honest and direct. Now I understand. The Chinese authorities should work with Jack.

[@leky1325]

People were asking the where about of Kim Jung Urn last year, he reappeared later and fatter. If I were the anti China community, I would be worrying more about Trump after he leaves White House.

[@limhong1095]

Thank u Cyrus..👍

[@JJBOU1]

Thank you for the info.

[@akgamingzz]

You have change my mind about china. Now i respect them

[@vimalcurio]

You should

[@Lululemon2023]

The issue the Chinese Government takes with Jack Ma is that Ant Group wants to add banking business, aka, lending and wealth management, to its payment business, and for that, Ant needs to comply with domestic banking regulations and BASEL III under which Ant needs to have own capital $10 for $100 (risk-rated) loan it extends. Ant doesn't have the money but plans to get its funding from the government-owned banks, and this does not sit well with the Chinese government because government banks would end up with bad debts if Ant defaults, which could easily happen if a recession hit or Ant has loose lending criteria. Without sufficient self capital, the government would like to see Ant doing what does best, processing payments. If ant wants to be a bank, it needs to be regulated as a bank, it is a very reasonable request from any government, but a good opportunity to exploit for anti-China propaganda news outlets such as Epoch Times.

[@johnjackgale]

Great work Cyrus, thank you.

[@angryyuan7526]

Thanks for sharing, it's excellent to mention the culture and political system differences. But I guess, Jack Ma actually has already been informed about the new regulations later released, he was just trying to stop or balance, by giving that speech.

[@chinchao11]

Excellent video about the difference between US capitalism and China’s state controlled capitalism. After all China is a socialism nation. It is in its Culture DNA. Keep up the good work.

[@MrStevepga]

Cyrus,u always gave the best input. Thanks

[@yong-t7w]

You explain everything clearly inside and out!

[@Lynn-zf3mp]

Not because of Jack’s speech that cause the anti group stop IPO right now. Recommend a movie “big short” , that is what they concerned.

[@littlepear898]

Excellent analysis !

[@Vassi_Drakonov]

Jack Ma: **Takes a couple of months away from media attentions to get some peace** Western media: "CCP killed Jack Ma and made his body disappear!!!"

[@CyrusJanssen]

yep....very accurate

[@michaelmorris2623]

Hahahah🤣🤣🤣

[@Marsbati]

One little detail that I have to mention about this incident happened to Jack Ma, which is the loan system called “Hua Bei”. Quite a few average Chinese people, especially the parents like in their 40s and 50s, they pointed out that they don’t want their kids to have such “Hua bei” system to borrow money. Even though by doing so is really gonna stimulate the growth of economy, they don’t want their kids to have a huge debt when they just graduate from the college in the future. Saving is the tradition of Chinese culture, not splurging! Hence, Jack Ma wanna push the “Hua bei” in order to expand his business, but there is not a good feedback in the society instead!

[@interiorsretailfacts]

This is a great video! Thanks Cyrus.

[@yitchanwan7265]

So well explained and well supported as always with professionals' quotes and extensive research.....this should banish all conspiracy theories that might still be circulating out there....👍👍👍👏👏👏🙏🙏🙏 Cyrus

[@mylxiong08]

I wish my government will regulate corporations and billionaires too.

[@simplehappylife7017]

Jack Ma has come to the public since this video. You are proven right again.

[@CyrusJanssen]

Appreciate the support!

[@LoC28C]

There is also talk about the new services that Ant Financial is about to provide with their IPO. These product that they will be providing is the same as what has destabalised not only the USA Market but also the world market during the Fanny Mac and Lehman Brothers scandal back in 2008. If this is the truth, then yes I believe that the Chinese authorities has a social obligation to stop this service because it is not only detrimental to the Chinese economy but will also affect the world economy too.

[@redactedredacted7123]

jack ma is embarassed that he posted cringe and is hiding in shame as he should be

[@denzle2559]

@@BrokeCanadian Sureeee

[@mhow4967]

Another brilliant video,Cyrus!

[@redcapitalist]

jack did himself in when he funded a movie (gong shou dao) portraying himself as a martial arts superhero. every chinese person could see he needed a big slap on the face by the party after that

[@VashtheStampede007]

That clip is basically his imagination. He imagined it all before went into that police station.