How China Lost Patience with Its Loudest Billionaire

[@business]

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[@yhzh755]

Why would we proletariats have sympathy to capitalists? They have exploited enough from us, and it's time for them to pay.

[@Ali.abb17]

@@yhzh755 you’re so woke

[@jbetfifty5904]

@@yhzh755 we should have basic human compassion to everyone. Treat all as you want to be treated

[@lawngaiyi]

His head?

[@EuroTravChannel]

Oh yeah? What happened to Meng Wanzhou? The West lost patience with non White success?

[@bigfoot131]

In short Jackie Ma was humbly reminded he is in China.

[@mohamedghaleb6593]

Hubris has no borders.

[@Wah1d145]

Yup where elites can't rule over the majority

[@pettypractice7872]

No he got humbly reminded that he can't mask a what is essentially a bank as a tech company

[@reithreithreith]

@@Wah1d145 lol the problem here is thinking that people in government aren't elites as well. The problem is only the government can be elite.

[@JackIsNotInTheBox]

Can't get that sweet sweet chinese money without following regulations.

[@grandysong]

"Woking from 9 to 9, 6 days a week is a blessing" is what he said. He actually forced his workers to do that. Because if you don't do that, someone else will. Then you are fired.

[@salemyaslem9792]

that mean they work 12 hour a day and 72 a week? I hope they pay well

[@jaddytheteenblogger]

Well he isn't wrong.

[@8XHuXBgkok]

What an exploitative capitalist! Workers of the world, unite!

[@Degenerate_Chimp]

@@jaddytheteenblogger slavery is wrong.

[@danhdao7417]

Just think about how asian use the culture of dedication like Japan or China as a philosophy to brain wash people, telling them not to lazy so they can manipulate to exploit and milk people easier via contracts and their fanacial problems, this is the look from 3rd person. You would feel nothing if you were a part of their community, it's just another usuall days for these people, work hard and die early, as long the money is worth to their life, they will keep risking their life, like Squid Game on Netflix. After all, industry is a monster, and the monster is stronger with CCP buff.

[@metalfly.]

There's a fundamental difference between how China and US operates. In America, Money gives you Power; in China, Power gets you Money. No matter how wealthy you are in China, without the political backing you are nothing. Whereas in the US, no matter how capable you are as a politician, without the support of major donors to finance you, you wouldn't get very far either. Although another key difference is the one party system vs. multi-party, in China, if you lose a political battle you often find yourself in jail or losing everything you built; in America losing one battle usually just means you need to prepare better for the next one, they don't look to end your career.

[@bestintentions6089]

Yes in China all money and real estate belongs to communist party and can be confiscated upon any whim of some of its members. Why stock market is bad investment there

[@axelpatrickb.pingol3228]

@@bestintentions6089 I mean, if you're a foreigner the PRChinese won't even allow you to invest in there...

[@arbynChief617]

Yup. America is the land of second chances. Get beat, pick yourself back up and make a name for yourself. Even with the flawed structure of “more money=more power”, anyone can become rich and powerful. With China, you make a mistake and its off to the gulag. Everything in your life is dictated by bureaucratic elites and your only way up is not crossing them. Much less opportunity.

[@benjaminlam1585]

@@bestintentions6089 There is basically no stock market in China with the exceptions of maybe some very large multinational companies and the money and real estate dont' "belong" to the CCP. Anyone can hold it similar to America, you just dont "own" 'it

[@bestintentions6089]

@@axelpatrickb.pingol3228 it’s a Jail and not a country

[@gavecunningham1204]

"Working from 9 to 9, 6 days a week, is a blessing." - Jack Ma Yes he really said that. He might be one of the richest in Chinese history, but people will remember his name differently.

[@nobody4y]

Make me rich wagy

[@chenjon4808]

yes, he did say that, and in china ali has a code name as blessing factory for that words.

[@CloudKXII]

Didnt he later said he doesnt support this idea but respect the people who chose to do it ?

[@nolongerhuman9809]

For him,brute force his way toward success is the only way he can actually achieve his success,in his early days as a ceo,the market was very volatile,so there is no rest for him and his group,the same goes for other big companies around the world at that time

[@marcelohendrix6139]

@@nolongerhuman9809 how do think billionaires get to be billionaires

[@brianuyungele1583]

I burst into laughter when I saw him knocking on that old apartment door. do you really think there's a chance that he lives there? Out of so many mansions he has? And you ask "Jack, are you there?" in English. Jee

[@the7thseven873]

Haha for real.

[@garychen7375]

He got an mansion in lake placid New York, I guess they will have a better chance if they knock the door there instead of flying to somewhere ten thousands miles away

[@insert_username_here]

To anyone who comes across this reply thread, please do not reply to the bot above this reply. Just report it, and continue your day. Edit: the bot comment above mine is no longer there, so this comment can be ignored. I'm 7 months late though, but oh well.

[@anotheryale28]

Jack can speak decent English

[@arbs3ry]

Yea, no way he lives in that apartment with such gloomy narrow aisle. And no body guards? I bet that apartment was where the man who knocked the door lived.

[@salvinsam]

Jack Ma: Money is power CCP: Power is *POWER*

[@die1mayer]

Mao: Power grows out of the barrel of a gun

[@souffled]

What kind of English is that? :(

[@DarkAraque]

Reminds me of games of thrones

[@jonathandlc1518]

Laugh in Cercei Lannister

[@F15ElectricEagle]

@@souffled - It's Cercie Lannister English. Jeez! You must have been living under a rock.

[@boyihu5209]

Lol. Trying to find Jack Ma by knocking an old door of an apartment because he used to live there. Of course, with his wealth, we expect to find him living in an old condo with neighbours above and below, and also no security so that reporters can knock on his door.

[@JohnHu1986]

I know right?

[@r3dpowel796]

Imagine getting loan from apple and microsft instead of the official banks.. thats what the whole problem.

[@xiaozhang5433]

LOL and calling him by his birth name "Jack"

[@antlvk]

Bloomberg are funny....

[@lovealways2609]

Jack has got a giant brain.. GIANT BRAIN folks need to be appreciated and allowed to explore all options by their respective Governments

[@burningmanmike]

“The nail that sticks out gets hammered down.”

[@alexdasliebe5391]

Compared to “the squeaky wheel gets the oil”

[@Pppp-yf4lj]

Someone has been watching Tokyo drift

[@BobLoblaw23]

@@Pppp-yf4lj lol its an old japanese proverb. Tokyo drift didnt come up with it 🤣🤣🤣

[@ghost_ib9928]

@@BobLoblaw23 they even say so in the film itself

[@姜飞-w8g]

枪打出头鸟

[@meganoobbg3387]

Being a businessman and saying "i hate regulations" in a summit in Shanghai, is like saying "i hate guns" during an NRA meeting in Texas. You cant really expect applause.

[@larryxiang822]

its worse though. The NRA doesnt have the power to take everything away from you.

[@osamabinladen824]

Meganoob BG LOL 😂

[@kedwardcook]

在美国不同

[@MONICAANICA]

He said... I hate regulations of yesterday

[@48grainsoffreedom]

@@MONICAANICA but chinese administrators heard "I hate regulations". They stopped their hearing at regulations. The rest doesn't matter to them.

[@ClemensAlive]

When a chinese Billionair talks agressivly on a big stage - I instantly get Cyberpunk vibes

[@NellieKAdaba]

🤔

[@alexmoore432]

How I laughed !

[@yl128pang3]

Chinese government just prevented a "2008 Lehman Brothers style of financial" crisis by stopping the IPO of Ants Fintect. Only the greedy, selfish Capitalist and politicians close one eye and let 2008 Financial crisis to happen and did nothing to prevent it, and put the blame on Lehman Brothers.

[@adityashukla5102]

you mean broken

[@officialunitedstatesofamer2944]

@@yl128pang3 Okay, “Pang”.

[@terryhan]

you think Jack lives in an apartment like that? you just knock on the richest man in china's door and figure ok he's not home

[@vbrvideoproductions4643]

Yeah, that was pathetic journalism!

[@ironmantis25]

To think a guy worth 50+ billion dollars live in an apartment, and an apartment you can casually knock on the door, is ridiculous.

[@atulyadav3197]

@@vbrvideoproductions4643 Journalism in China, LOL. You know that was just for camera.Right.

[@derangedgod4440]

Oh please, as if there wasn't lobby security on his building... 🏢🙄

[@Passions]

Most likely the journalists own apartment LOL.

[@Caydiem]

Kinda ironic that Tencents first product was a scuffed ICQ online-messenger.

[@Coughing_Blood]

why is it ironic?

[@niknikniknik-y1x]

@@Coughing_Blood Because that was the Start of the Facebook Monopoly too

[@MisterFoxton]

Sounds more like a coincidence, or a smart catalyst at the time.

[@Vario69]

ICQ was fire 🎉

[@lohitpeesapati3846]

They were scared of A.I (Alibaba intelligence)

[@leagueoflegendrankednormal6387]

I like ya cut, g. I have a tattoo of L

[@chaldean7043]

😂 They where afraid of him reaching singularity and self-consciousness 😂

[@cybercomets7260]

lol

[@sea2959]

yeah of course....we, on the other hand, are afraid of the communists, who by my account should be here already. I guess they are kayaking all the way from Russia, and they have paddles

[@navegantezen5983]

Intelligence? Or scoundrel?

[@temodeart]

I am more worried about the mental health of the guy who expected to see a billionaire by simply knocking his old apartment's door while calling him Jack than Jack Ma himself.

[@notmuselk6690]

hes probably a friend or so

[@EBH-ip3nr]

I JackMaSelf

[@Mally620]

Time stamp?

[@namelessguy199]

Jack is not a royal, he is just a civilian, a rich one, u can call him whatever u want

[@gwho]

what are you even talking about

[@hchan4301]

did Bloomberg send a comedian to knock Jack's door? that's soooo funny

[@iamaku09]

😂

[@tcccmno]

He has this huge round head with a small face. Mesmerizing!

[@Multiroester]

LITTLE BITSzzz

[@darthmummy7889]

Money can’t buy you a normal head

[@tcccmno]

@Tron It's fascinating to look at. In a weird way hahah

[@yuyah7413]

@@darthmummy7889 plastic surgeon: oh, hello there

[@bogslut]

basically Mandark from Dexter's Lab?

[@Trayten_Moriah]

Alibaba's monopoly fine was mainly due to the “choose one of two” rule: if a merchant wants to sell something on Alibaba, they were forbidden by Alibaba to sell something on other platforms.

[@pr0newbie]

@@GoldenEDM_2018 Yup. Anti-trust basically. Same as what small businesses complain to the US Gov about Amazon. But nothing effective has been done.

[@GhostEmblem]

Not only that but the way they described Ant made it seem totally justified they came after them with regulation.

[@milan.2412]

@@pr0newbie exactly. This is a big deal because we can't fathom our government doing this to Zuck or Bezos. Facebook and Amazon will face a similar reckoning.

[@pr0newbie]

@@milan.2412 While I don't believe in the communism the soviets and chinese practised in the past, what that did was create competition for liberal democracy and capitalism. It made sure capitalism provided a higher floor for the 99% thanks to labour unions and pensions, and a low ceiling on the elites like CEO pay. Hopefully China gives the elites of the world a run for their money and that they start serving the people that contributed to their wealth.

[@moviesjean23]

Seriously?

[@royalmontpark]

Yep, he got inflated. His idea of using a helluv leverage to create huge credit bubble in China is DOA, China won't allow that. 2008 economic crisis well learned.

[@tensevo]

CCP regime is failing, which is why it is becoming so totalitarian. Always happens before the fall of empire.

[@rayleeaustralia]

When Ccp supports you, you can do anything. Then he thinks he's smarter than them

[@willengel2458]

Jack Ma was merely the front man. do you think he can come up with the scheme?

[@dongster529]

@@willengel2458 What scheme? You mean like how the CIA funds every potential tech startup in silicon valley? Oh please, as if China was that advanced in 90s, risk takers like Jack Ma would never had even gotten on the scene, that guy couldn't even get a job in the competitive civil service so he had to risk it and start in business.

[@ok-xo7rm]

Lol

[@hyoo5309]

某麻花藤可活的好好的，况且如今的中国首富大家都还念不出他的名字以为他是卖矿泉水的，却追着一个退休了五年的杰克马哔哔来来

[@aportfolio8324]

@@willengel2458 if he wasn't before, he is now. That dude vanished and got "re-educarted." haha that's just the CCP doing it's mafia thing again haha

[@annieshi-sansom9475]

He hasn’t learnt a thing from the 2008 financial crisis as irresponsible lending is exactly what he is promoting in China. He knows if he create a financial crisis in China, it’s the government who will have to pick up his mess!! He said that the regulators acted like “pawn shops” because they want you to put actual collateral on the line for the astronomical amount of money he wants to borrow!! Isn’t that what called responsible lending?

[@tensevo]

The CCP regime will fall, will see to it.

[@nicolaroberts9139]

Yeah, I believe the party made the right call. If Ant's house of cards fell, the State would foot the bill. I'm sure he knew, but like all capitalist he didnt care.

[@obi1692]

50 cent army

[@lukehua5989]

money is not equal to political power in China.

[@GodKing804]

Communism is cancer

[@thetruthalwaysscary]

@@GodKing804 lol..China has 800+ billionaires and over 1000 millionaires created daily the last 10 years. This is a huge issue for western powers that they started a media war. Communism China is less communist than any western countries. Reality hurts. In China there is a one party system that is called "communist", but it is a functional Confucianist dictatorship. Go to China travel a little and unless you are blind and deaf you will understand all the BS you are fed from media is just BS.

[@GodKing804]

@Asia Asia cure for cancer? Where is it? Must be huffing those factory fumes 🤣🤣🤣🤣

[@TheRockkickass]

No, it’s based on how brainwashed you are

[@TheRockkickass]

@@thetruthalwaysscary China absolutely has not created 800 Billionaires a day for ten years. China currently doesn’t have 800 billionaires total. You’re actually a waste of oxygen.

[@sunnyking8881]

In the US, Billionaires control government😂

[@nanezferrer3565]

not in china hahaha

[@noishfanboy1141]

strange isnt it that in the us billionaires control the govt. but in china the govt. controls billionaires

[@sunnyking8881]

@@noishfanboy1141 Yep, I'm confused. But as a citizen, I think a government should work for people, not billionaires

[@Zunken12]

50 cent army spotted

[@vonn1334]

@@nanezferrer3565 this is why China will be the first giant to collapse.

[@SerendipitousProvidence]

I laughed my arse off when I saw the guy knock on an old door of a somewhat run-down apartment as if he lived there, to top it off - he even calls him by his first name as if they were childhood buddies. Trying to impress us lol.

[@JackIsNotInTheBox]

When the network tells you to record a clip, you do what you gotta do to get paid. I even saw a guy interviewing a homeless man just to get an interview on air.

[@googlebanmetoomuch2601]

🤣

[@shikharashish4839]

@@JackIsNotInTheBox but if jack is not in the box, where is he?

[@jerrywu5797]

That’s also funny. We all know that he’s not at his apartment for sure, because this abrupt IPO suspension drove major investors and the board of ant crazy - basically he broke the financial freedom dreams of lots of people. This is basically the funniest piece in the video.

[@evm6177]

🍷😆.. LOL , Sorry Jack Ma just left the building. Try the golf course or the resort.

[@JohnVAsiaTeacher]

Is it so terrible that giant private corporations are regulated? In the US they're not and a few people were able to legally cause a huge recession in 2008 for their own profit.

[@dustywaxhead]

Private business runs our government in America. We need to learn from Chinese about capping big business and making them work in the interest of America. CCP are better Capitalists than US Gov

[@JohnVAsiaTeacher]

@@dustywaxhead I worked and lived in Northern China for several years. Regulated capitalism isn't as bad as the western media and politicians make out. It simply prevents a s,all group of people from destroying the economy and becoming more powerful than the government elected by the people. We already know where the next recession and stock market crash will come from.

[@grapplerke]

Jack Ma thought he could be like Bezos in America

[@F15ElectricEagle]

He forgot China is not America.

[@MultiTHEJOKER]

@@F15ElectricEagle like it’s paradise America is even worse

[@crfishstick2953]

@@MultiTHEJOKER what?

[@khein2204]

Don't forget that jack ma also a ccp official

[@micheal5117]

@@MultiTHEJOKER what

[@funnybones5926]

Jack Ma: I tried so hard and that so far, in the end it doesn't even matter.

[@josron6088]

Nice Linkin Park quote. LOL.

[@funnybones5926]

@@josron6088 😁

[@truthboom]

well the money he got does matter

[@mukamuka0]

Money is useless when he get locked up in underground dungeon

[@karasheep]

Why is this comment audible?

[@maheenahmed2631]

As soon as I heard that music, I thought I had clicked on a BuzzFeed Unsolved True Crime video

[@Seankafor]

*M•e•s•s•a•g•e* WHAT**SAPP+ *+•1•(5•1•8) •4•6•0•5•2•7•9 *Morė* *Guįdė* *I•••A•P•P•R•O•V•E•••HIM•••HARRISON ALEX* *B•E•S•T•••C•R•Y•P•T•O•••C•U•R•R•E•N•C•Y•••M•A•N•A•G•E•R* *B•E•S•T••••S•T•R•A•T•E•G•I•E•S*.?

[@kinghassy334]

"Bend the knee or be broken" is pretty much how all power works, the problem is who controls it. In China it's politicians, in the US it's corporations.

[@demanhemzelf4431]

Eh there is a nuance, really simplified. In the USA u have loud opposition of corporations (communists, socialists, social democrats are all open). In China u arent allowed to oppose. And don’t forget tiannemen square. Nothing of that caliber ever happened in the Usa in modern history

[@kinghassy334]

@@demanhemzelf4431 I guess you're right but also the opposition in the US are only allowed as long as they are ineffectual. It's like how Putin allows opposition parties to oppose him when everyone knows they have no power. But you're right that in china you don't even have the appearance of opposition

[@astorytotell5019]

💯...

[@SharukhSaifi]

In US its lobbies

[@piergiorgio919]

​@@demanhemzelf4431 Were assange or snowden allowed to oppose? The system is rotten globally and equally

[@patrickt6227]

The end of the day...the Chinese government has the final say...and is "bend the knee or get broken" -Stannis Baratheon/Chinese Government

[@Quirkyfactoids123]

It’s the opposite in the US, the corporates and Wall Street has the final say. US politics and politicians always work or bend their knee for corporate interests.

[@xiaomose7495]

@@Quirkyfactoids123 well said. US is just like a giant corporate that several smaller corporate(apple Google etc, comparing to US overall economic size) works together to manage it

[@jp95js]

“Resolutely uphold the core position of General Secretary Xi Jinping!”

[@r3dpowel796]

Imagine getting loan from apple and microsft instead of the official banks.. thats what the whole problem.

[@robbieaulia6462]

@@r3dpowel796 "USA is the land of freedom. This ad is brought to you by GM, Microsoft, Apple, ExxonMobil, and other more corporation.'

[@bingjingling]

Did someone notice as well that Ant Group only uses 2% of their own money to lend out to tiny business and individuals per its platform and 98% of lending money came from state banks? Ant Group and it’s ownership will be the biggest winner of IPO if possible. Highest leverage and biggest risk would be left to state banks. Insane to the whole society !!! Fortunately, this IPO was pending on time to be adjusted until to be adhere to laws.

[@MrLeiduowen]

Of course we did notice, that's the whole point, Amy😉

[@danxu9261]

@@MrLeiduowen That IS the whole point. Ant Group exploited the regulatory loop holes to grow, and piled up huge risks to state banks. The government realized this before its IPO and called timeout. Ant group didn't break the existing laws and the government is trying to fix the laws. Neither party has wrong doings here in my view.

[@staringtako]

Guess Jack Ma's plan living the american dream with the IPO money has been cancelled 😆

[@Tia9752]

Yep. Can c a lot of ppl purposely ignoring it

[@danielm8482]

You make it sound as if it still does so ("uses"), then later inform that it has been reformed. So is it still the case at the present moment?

[@r3dpowel796]

Imagine getting loan from apple and microsft instead of the official banks.. thats what the whole problem.

[@italkalot8876]

Underrated comment

[@jjcoola998]

Instead in America we can get payday loans at 500% such a superior system for the average working class person

[@tiktok_life4tech]

You got it.

[@sphigrayromero]

Nice reading..

[@wrightmf]

"bend the knee or the knee get broken" is like "an offer you can't refuse"

[@ravikantsolanki5707]

It seems he has reversed his own ideology, "Be the lover of government but don't marry them". He got married and suffered domestic violence at last!

[@sabrinaxg3607]

if he has no family maybe he could tell more real exciting stories about his life and his empire. but he got family so he can't be the man he wanted to be.

[@poetbill9668]

The core reason is: in China, a businessman can have a lot of money, but he can't have too much power, especially he has too much control over national policies. Ma Yun's influence on the country is too strong, so he will almost certainly be weakened

[@troyzelf]

not that complex. he just cant hold his greedy on money - if you have any knowledge of his loan business - besides, his ambition expanded infinitely, even tried to change china's banking industry. thats madness

[@yottaXT]

@@troyzelf Once the CPP tell you his busines is bad, you have no choice but to think that it's bad, right?

[@troyzelf]

@@yottaXT and next time, plz learn some fcking knowledge and truth before you open your mouth and judge. we have problems in china but its not the so called brainwashed one, its the problem between people and capitals, its the problem between justice and corruption

[@krealyesitisbeta5642]

Jack ma: “Perfection isn’t here in China.” Chinese government: “Neither are you.”

[@alexd9597]

He is a bit of a knob. But i think i dislike winnie the pooh more

[@jaeemulhossain7597]

jack ma's social credit: -690000000

[@Racko.]

CCP to Jack Ma: -50,000 points

[@sarmadbaloch432]

The most funniest thing is that they didn’t find the china’s billionaire in his old apartment 😂😂

[@mist9385]

He is spending his holiday in 5** Chinese prison

[@Mortum_Rex]

@@mist9385 I hope so.

[@edvfya9922]

@@Mortum_Rex Why?

[@albiesheng6216]

Made my day, lol.

[@MrKumfo]

poor English. You either say "the most funny" or "the funniest" not "the most funniest"

[@rat_koon8198]

10:25 Respect to the reporter doing his research and pronouncing these correct.

[@supremereader7614]

I’m the only one who realizes he was breaking existing banking regulations before giving the infamous speech? Isn’t it possible China is simply enforcing its existing rules?

[@raymondsyuu5007]

Yes, you are right. But that is not what medias want you to realize.

[@penguinpingu3807]

not giving us the people full information, can be consider as information manipulation

[@user-ne1tv3hb2k]

Finally someone smart and not just bashing the government.

[@misslabellekitty1298]

You might be right, but unfortunately it will always seem a bit hypocritical for a one party state to take measures for monopoly practices in a company. Also, so many other billionaires or other celebrities have disappeared. Many suspect Xi himself doesn't want to be overshadowed by anyone at all, and strongly dislikes criticism instead of facing or addressing them. But yeah... Markets do need regulations. whether many of us admit it or not.

[@user-ne1tv3hb2k]

@@misslabellekitty1298 why do people always blame Xi. Is this a thing? He has to run a country not run for popularity contest. Famous people commit crime too. It’s the police and court they deal with. Not Xi.

[@erickariuki6842]

It's like Amazon starting a mega financial institution and try to call it a fintech company. And also 98% of loans it provides to be covered by the Federal banks

[@gryff8400]

Sound like the Wirecard company... A fintech hiding a massive finance operation...

[@gold9994]

@Chukey They should be stopped, at all cost

[@dypes26]

Jack bought into his own hype and absolutely created his own reality.

[@bestintentions6089]

Chinese regulations have helped him create it and they have taken it away from him

[@vueport99]

All Great leaders do this. Look at Steve Jobs. He had his own reality

[@Mrbfgray]

The CCP cuts down *anyone* who becomes too powerful and says something slightly off the party line. Actresses, KZbinrs, etc.

[@bestintentions6089]

@@Mrbfgray and then they will turn around and parade it as more fair than ugh in europe or america, because you know chinese state ego is so fragile.

[@Mrbfgray]

@T teg Egg Controlling the narrative and (unfortunately effectively) controlling the conclusions common ppl believe...like COVID started in the USA! Apparently the ppl believe that racket.

[@xuli134]

Well, it is better to remind everyone what he did. Jack Ma forces his employees to work for 12 hours a day and six-day a week. in a presentation, he nominated that as an ’awesome reward‘ since his employees can earn more. This has now been widely accepted by all the Chinese private companies and is currently torturing generations of Chinese young adults......

[@TYrone597]

yes, it is disgusting and should not be normalized.

[@KC16A6]

I'm definitely NOT advocating slavery, but he adopted the CCP's business model... the CCP cracking down on monopolies and bullies... what a joke !

[@sebastian-iz7zc]

Well you know he isnt forcing anyone, if you dont like it, dont work there huh?

[@TYrone597]

@@sebastian-iz7zc i think it is not that simple because knowing chinese culture, you can be labeled as lazy or a quitter by society for not being willing to work horrible hours like everybody else. There is discrimination

[@icebox1954]

@@KC16A6 Any government is a bully. Ultimately, power is everything. You are bullied or coerced into laws you might not agree with by people who choose what happens with you and your freedom of movement is restrained by rules you weren't consulted on. Your criticism of the CCP is pretty dumb. It's a government's job to make sure people don't create monopolies and chokehold the economy. The CCP is actually doing the right thing here.

[@ermytanio7111]

Jack Ma: there is something wrong with the financial system in China CCP: The Earth King has invited you to Lake Laogai

[@rupertgarcia]

I- 😭😭😭😭

[@diabl2master]

Hahaha exactly

[@divertiti]

Nah he's doing what Uber is doing, participating in a industry without obeying to the rules of that industry

[@Seankafor]

*M•e•s•s•a•g•e* WHAT**SAPP+ *+•1•(5•1•8) •4•6•0•5•2•7•9 *Morė* *Guįdė* *I•••A•P•P•R•O•V•E•••HIM•••HARRISON ALEX* *B•E•S•T•••C•R•Y•P•T•O•••C•U•R•R•E•N•C•Y•••M•A•N•A•G•E•R* *B•E•S•T••••S•T•R•A•T•E•G•I•E•S*?

[@JC-se8mi]

12:21 “Jack, if you’re in trouble, blink three times.”

[@Wolfeboro152]

Jack Ma is the Mark Zuckerberg of China. Those people get what is coming for them.

[@MillionaireMindsetClub]

They literally shut him up...

[@abdiganiaden]

Lol he probably hung around with other western billionaires and picked up their complaining habits that is not acceptable in China

[@bestintentions6089]

@@abdiganiaden it is the communist party is unacceptable, illegal junta they are

[@thetruthalwaysscary]

@@bestintentions6089 lol..China has 800+ billionaires and over 1000 millionaires created daily the last 10 years. This is a huge issue for western powers that they started a media war. Communism China is less communist than any western countries. Reality hurts. In China there is a one party system that is called "communist", but it is a functional Confucianist dictatorship. Go to China travel a little and unless you are blind and deaf you will understand all the BS you are fed from media is just BS.

[@scolaclkh5281]

Because china doest let powerful rich men control the narrative

[@bestintentions6089]

@@scolaclkh5281 yes it lets friends of dictators do that , not self made people.

[@huhan100]

From what Ive heard, Jack Ma’s new Ant Group was trying to offer a financial service with effects very similar to subprime mortgage. It had the potential to cause a economical issue. This was the reason that the Chinese government suspended its IPO

[@thundersharkpanda]

If the CCP didn't intervene it could literally create the next 2008 financial crisis. So yeah suspending the IPO was definitely the right call, although it was just done in a rather "Chinese fashion."

[@matrixkrock]

"Bend the knee or it will be broken" That right there is one great quote....👏👏👏

[@chrisortiz8072]

To be fair with his money he could make a few moves and buy an exoskeleton meaning wouldn't have to bend to anyone

[@alphabeta4028]

Break the law or go to jail... It's same.

[@yingliren9262]

Jack always says he fights for the "small/little" guys, but he really helped a bunch of big guys making big money. He should now practice what he always preaches, and help the little & poor guys in the remote and rural area.

[@jukio02]

It looks like he has turned around and is now helping poorer rural area people get a leg up. That's noble.

[@andybrown6981]

Some hole digging and planting rice - a bit of labour never hurt anyone.

[@MubashirullahD]

"Practically over" that is quite the sweeping statement

[@Marcopolo-uj1zg]

western media bias exeggeration, china will collapse in xx years, china this china that

[@Seankafor]

*M•e•s•s•a•g•e* WHAT**SAPP+ *+•1•(5•1•8) •4•6•0•5•2•7•9 *Morė* *Guįdė* *I•••A•P•P•R•O•V•E•••HIM•••HARRISON ALEX* *B•E•S•T•••C•R•Y•P•T•O•••C•U•R•R•E•N•C•Y•••M•A•N•A•G•E•R* *B•E•S•T••••S•T•R•A•T•E•G•I•E•S*

[@MrThezous]

Typical western media bias. Twenty years ago, internet tech just started, but now monopolies are existent and there’s a need for a better and fair environment. Government intervention to prevent behemoths like Alibaba from stiffening competitions is necessary.

[@Song26664]

look at what they do to 'their people' and imagine what they would do to 'not their people'.

[@Spumoon]

The Obamas' American Factory documentary lets us glimpse into the future. They're already buying factories here and installing foreign management.

[@ellusiv5121]

you don't have to imagine

[@wolfpackgames4674]

they'd do nothing to "not their people" since no one will allow china to get close

[@alexp8785]

Regulating companies is something evil now?

[@ys2b712]

@@alexp8785 Check ur facts bruh

[@zhangspring3314]

"Because Alibaba only funded about 2% of these loans, and the rest of those loans were securitized by the state banks, they took on the big risks." Don't you think it should be controlled?

[@cryptomorty7290]

yup it should be. But because it is not US, these western propaganda machine will sell it like they want.

[@KnarfStein]

That's one aspect of Ant Group that I absolutely agree with the Chinese financial regulators on, because companies shouldn't be able to have their cake and eat it too. HOWEVER, let's not let one detail of the story obfuscate its overall reporting, which is that the CPC state doesn't like a non-card-carrying individual becoming so powerful.

[@rap3208]

@@KnarfStein Bull. They encourage everybody to be succesfull. I once read of Deng Xiao Ping saying this, because when one succeeds, you know the saying, "A rising tide lifts all boats"? When a company succeeds, it adds to the betterment of the economy. There is only one the chinese government asks, don't do anything against the government.

[@megthornton1371]

It sure needs to be controlled We have enough of that in the west. We need a rising tide that lifts all boats We can see the damage by big tech in the west

[@TheOne30264]

It's the same in every country. If you're rich, you think you can control the country. I guess they shut Jack Ma down in this case. Is this what they called 'unfettered capitalism'?

[@andikasulyat]

07:19 "...And he did NOT read the room very well..." Haha. It is the EXACT opposite. Jack Ma UNDERSTOOD the audience in the room SO WELL that he executed his critics.

[@hpwan2]

“Loudest" 😂 how true it is!

[@hxxro9950]

US: Money is power China: power is POWER

[@shamsulhaqramzi378]

Hahahaha

[@GabrieleirbaGabrieleirbag]

control is power

[@vinhtranvan3755]

@@GabrieleirbaGabrieleirbag power is POWER

[@GabrieleirbaGabrieleirbag]

@@vinhtranvan3755 power is control, control is power, power is power, power is money, money is power. jesus so many of them.

[@Yummymarshy]

Ur bloodline is power

[@koroglurustem1722]

Xi told Jack "do you feel in charge ? "

[@ZxRiGxZ]

“..I paid you a small fortune..”

[@khein2204]

Don't forget that jack ma also a ccp official

[@RokeJulianLockhart.s13ouq]

Many private rich individuals forget how powerful even the smallest government is.

[@JTD472]

Force is still the ultimate currency

[@Crizakafrijolito]

Had he waited for his ipo to become public, he would have had more influence I would imagine

[@clairessaffeirwelling9330]

and more risks we could imagine, take finacial crisis of 2008 as an example, that's why he must be a goner.

[@aredzarep5320]

Well this is where you have communism putting a leash on capitalism. Much better than democracy will ever be able to do so. Once it loses purpose and benefit for people. Exactly what it should do. This is hard to understand for someone on the west as people are just used to capital doing what ever it likes including takeover of all political institution that should serve public not a corporations.

[@frankstrawnation]

Sorry if some people are not found of using leashes.

[@Radke32]

The one-party-China CCCP fines the company for "monopolistic practices"🤣

[@r.walcott6239]

Are they wrong to do so?

[@r.walcott6239]

Irony

[@jchien]

Zinger!

[@Andrew36597]

@@r.walcott6239 it’s the biggest monopoly in the world telling small companies “hey don’t do that!” Insanely ironic

[@j4genius961]

@@r.walcott6239 No they aren't, but since they're doing it themselves it's called hypocrisy

[@kalolosene9003]

when you thought you can buy the whole country with money, just realized later that money can't buy power...

[@ferggusonsamy3479]

Money can buy power, it's just that the CCP had more of both over Ma.

[@tensevo]

CCP have all the power, they systematically shut down political dissent and opposition.

[@LvL1henchman]

I'm surprised Ma did heared the old proverb of "the nail that stick out get hammered."

[@Madame702]

No Sung, Jack Ma was part of faction that was trying to depose Xi Jinping.

[@NotCthulhu]

bing chilling

[@skillo6399]

12:20 they might not have killed him, but that's the look of a man who isn't living anymore

[@klefthoofrobert787]

He was sent to one of their camps for "Re education" :)

[@youarenotassmartasyouthink5587]

In China billionaires can’t just pay lawfirms to bend the rules. They just get regulated. And that’s the same behavior these companies show on the market. They crush small upcoming businesses with their monopolies. I think it’s awesome.

[@jacobgagnon1820]

@@youarenotassmartasyouthink5587 lol no bro its always politically motivated. Ccp is mad corrupt all around.

[@jeff9781]

Troublemaker fighting for the little guys? What a joke! As Ma himself puts it, '996 working hour system is a blessing', which completely deprives workers' leisure time. I've been extremely repulsed by him since he said that.

[@faisalnadeem7621]

Moral: Dont try to outshine Winnie the Pooh

[@StarCraftBoy100]

this reminds me of a saying on a bill board at my work "A government big enough to give you everything is also big enough to take away everything."

[@lachlanstanding7386]

oh are you afraid the government is going to take away your trillion dollar corporation?

[@livetoboardteam]

@@lachlanstanding7386 no he’s afraid “ThE g0vErNmEnT g0n tAkE hiS GUnS!!1!”

[@IronWillTV]

Me during the first 15 seconds: "How China Lost Patience with Its Loudest Billionaire will remain Unsolved..." (wheeze)

[@andythomasdev]

Haha I knew I recognised that music from somewhere...

[@BugattiBoy01]

?????

[@adamhill4141]

Jake fought the law and the law won

[@Seankafor]

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[@MyWickedSmile]

Jack Ma's Famous Quote/Pearls of Wisdom for Young People in China (2020 Version): 1. "Who are you" 2. "What are you guys doing" 3. "Where are you taking me"

[@robbieaulia6462]

"To the Uyghurs -concentration- reeducation camps" -Soldier of the People's army

[@nomennescio3677]

@@robbieaulia6462 did you ever been in Xinjiang?

[@workerworker7961]

@@nomennescio3677 Logical fallacy. By same logic you can ask “Did you ever been to concentration camps in Germany?” to someone reading the newspaper in 1945.

[@nomennescio3677]

@@workerworker7961 you know difference between that two things are i have been in Xinjiang and i didn't see any genocide back in 2019 when i have been there.

[@workerworker7961]

@@nomennescio3677 Do you know how big Xinjiang is? Have you covered every single area and visited every town, village, city? You show that you have a Westerner mindset: you think that if you visit a town in a region of the world, that you know that region of the world well and can say to anyone “I know everything about that place”.

[@feeltoofree]

"Jack, are you there?" Hahahahaha that dude has issues.

[@merlimgt3028]

XD

[@spritemultipack]

I mean in fairness to the dude , his bosses sent him all the way to China , need some sort of shot

[@haominchen5319]

hahahahha exactly… it’s probably their random airbnb apartment unit that’ll eventually be expensed as one of the trip items. I mean can you just knock on Jeff Bezos’ or Zuckerberg’s residence? This is more like a comedy bit.

[@leoyu5892]

i was expecting to hear "No I'm not"....it would be pleased to see him living in an apartment worse than mine, honestly is there any nut in the world believe this except the producer????

[@goldylocker]

I do not see anything wrong with limiting monopolies expandature, and allow others to compete. Monopolies, among other things, can become inefficient, they can cause abuse of power, low payroll, high cost products and low quality of service and product. Basically the little guy has no choice, take it or leave it situation.

[@comatose3788]

It's not limiting monopolies .. it's no monopolies at all. Think everyone world wide understand that all too well. There are to be no monopolies is the law world over.

[@atthemoney]

11:22 They actually think Jack Ma lives in an apartment with its door opening to a hallway that fits no more than one person.

[@shuttfup2610]

That is probably Ma's childhood home.

[@bonky8043]

apartments are expensive in China.

[@stillwatercamargo9606]

@@bonky8043 he is a billionaire lol

[@sunnyside100]

I lost patience with Jack Ma when he appeared in a movie as a martial artist.

[@akemumoren4133]

He was just tryna have fun 😂☺️

[@gxthblxde]

Man jusy following da dream

[@ArrcanarStudios]

More than most Chinese fighters and con monks

[@rielo9725]

Um, what movie?

[@jonaafr]

@@ArrcanarStudios do you even understand the word - movie?.

[@wumao50centtroll52]

While in America the richest are paying lesser taxes than me. I just wish the government cracked down on monopolies here.

[@brionwreede9989]

Any government that can control all the wealthy corporations is also able to control your life.

[@mikolowiskamikolowiska4993]

@@brionwreede9989 he doesn't have much of a life. Why he wants to sacrifice others

[@clocktower1164]

Lest you forget, the *"government"* of US of A has one purpose --- *_to serve the elites_*_ !_

[@firstsconed4067]

@@brionwreede9989 I can never get the crazy thought from Americans, WHY YOU GUYS are so obsessed with WILD WEST🤣🤣🤣, then just let the gun violence and virus control your life.

[@f9658]

@@brionwreede9989 The wealthy and smart should be allowed to flourish, but if they want to get in the way of policy making and if they want to run the country, then they should be power checked by the government. If you let the greed of corporations and billionaires run your country, you will see people getting exploited and ripped off (AKA America currently)

[@echog154]

When a company goes monopoly, it will put the people's interest last. If the capital controls a country's decision making, it will also put the people's interest last. US has shown the world that, so the world needs to learn.

[@dustywaxhead]

China is BASED

[@bestplayer08]

I believe that US government have to practice some kind of this measurement against google, face book, apple etc...

[@adammac6386]

They're already in the back pockets of the democrats. That's why you no longer see Trump.

[@amritsingh4251]

@@adammac6386 *politicians, not just democrats

[@adammac6386]

@@amritsingh4251 Not really. Even as a euro it's easy to see that one side is held to a higher standard than the other on social media.

[@sabin97]

@@adammac6386 as an american(not from usa, but from the rest of america. yeah. we're a whole continent) it's easy to see that neither side is held to any standards. so much so that drumpf was allowed to keep his twitter account until he was deposed by the people. in usa the super rich rule. in china even the super rich are subject to the will of the people.

[@monkeyincorporated]

​@@adammac6386 nahh, they bankin both reps and dems. otherwise, if u only support one, you can't push/block certain regulation in the long run. dems and Reps take turns on that power chair after all.

[@60-second-HACKS]

"Bend the knee or get broken." In the US, that conversation goes the other way. The IT behemoths say to Government: "Bend the knee or get broken."

[@Ranbuli]

When I heard Ant only funds 2% their lendings and state banks fund the rest, I felt ccp did the right thing this time to halt Ant.

[@prabeshthapa2503]

Agreed, 100%

[@stereotype1991]

Totally agree. The government should protect their interest because their interest is the interest of their country.

[@abeenr2]

@@stereotype1991 oh, by kidnapping people, brainwashing them and say false stuff about the origin of the virus right?

[@andykeri8370]

Nobody is allowed to to start any business without the blessing of the CCP. So this guy just got cocky ,needed to be reminded who is the Boss.

[@spencedog]

We’ll he ticked off his supreme rulers. What did you expect lol

[@ianhornbeck]

Lol “laying low” My guy is MISSING.

[@bry120]

He's laying underground

[@darrylsavage9049]

What does he expect? The banks aren’t gonna allow Ma to touch their pie

[@trouble5085]

Looks like even the Chinese got freaked out by his alien head.

[@lilb701]

I think what the Ant Group did was very risky, owning only 2% on the funding of their Lending business and the rest of accountability goes to the bank meaning they're doing something that's very similar to what caused the Great Recession in 2008! And CCP is doing everything they can to preventing it.

[@jeancaux7140]

Jack Ma : You make regulations like pawn shop PKC : And we took it personally

[@breezeli6233]

The Chinese gov was preparing for financial war at that time. Can you imagine the consequence Ali, Jindong, collapses today under the pressure of Wall Street sharks?

[@khein2204]

Don't forget that jack ma also a ccp official

[@selimbennouir6238]

I’ve noticed that on his platform he takes over most of the supplier advertising space which makes it harder and by the way regulations means finding the middle ground to avoid discrepancies which he doesn’t seem to pay attention to or even care about, and this contradicts most corporate business standard

[@NazriB]

Lies again? Loyalty Bonus

[@charlesritter6640]

CCP owns EVERYTHING. Sometimes Jack Ma forgets that.

[@stumpedii8639]

better to have the govt own everything than a corporation.. facebook.. google.. microsoft. at least hte chinese govt cares about it's people unlike microsoft , face book, google...

[@charlesritter6640]

@@stumpedii8639 there are definitely some advantages to their system.

[@gngan]

@@stumpedii8639 ccp is far from caring its people. They’re caring themselves. Ccp would remove anyone from its way.

[@danbood9457]

@@charlesritter6640 No there isn't, there is a reason anyone who makes money in china leaves asap. Almost every university student answer to why they are over here is to leave china...

[@petepowaaa]

@@stumpedii8639 10 million Chinese immigrated to foreign countries in 2019 alone.

[@skg1ful]

Jack Ma has touched the sky. Impressive achievement.

[@Seankafor]

*M•e•s•s•a•g•e* WHAT**SAPP+ *+•1•(5•1•8) •4•6•0•5•2•7•9 *Morė* *Guįdė* *I•••A•P•P•R•O•V•E•••HIM•••HARRISON ALEX* *B•E•S•T•••C•R•Y•P•T•O•••C•U•R•R•E•N•C•Y•••M•A•N•A•G•E•R* *B•E•S•T••••S•T•R•A•T•E•G•I•E•S*.

[@saeed6811]

Really a western reporter went to knock on Jacks apartment that he lived in 1995. You would really expect to find him there with all that money he got?🤣. Western journalism is amazing😂

[@Thesamurai1999]

Don’t think that was a journalist.

[@Mottbox]

I find it hard to even believe Jack Ma isn't just an actor. He's so unintelligent it's shocking.

[@ehmcheng]

I understand that there all sorts of problems in China, but somehow i feel it's better to have the government control the businesses than businesses controlling the government

[@hyphen2612]

Not if the government is a strong hand dictatorship. It'd just be even harder for people to have a say in the government if they now control the employment of "private" companies.

[@ehmcheng]

@@hyphen2612 well ofc not lool but chinas not a dictatorship

[@robertevbayekha6639]

@@ehmcheng I wouldn’t call china a dictator ship but kinda like a autocratic government with human rights issues

[@ehmcheng]

@@robertevbayekha6639 yes correct

[@spider6660]

@@robertevbayekha6639 Every country have human rights issues. Like shooting in USA.

[@DRUIDLABI]

“Some would say”? Or everyone knows it’s the government that has the final say !

[@sean.l6454]

11:15 Very hilarious. What exactly are you expecting from that 50-year old apartment? Ma or your grandma?

[@raspberryPi1337]

"keep it low" the ccp asked Jack ma calmly

[@crxdelsolsir]

Jack Ma: Money is power CCP: You meant My POWER right

[@omeirmkhan]

As much as I dislike communism, I would admire China and CCP for not being bought and sold by billionaire class as is the case here!

[@omeirmkhan]

@T teg Egg if that’s what its is I am all for it!

[@jukio02]

@@omeirmkhan I think China is "Socialism with Chinese characteristics." That's what I have read. China isn't as communist like it use to back in the day.

[@gdesatyavrata]

@@jukio02 That is true as a foreign student in China, I can tell you that China is more of a "half" or even "quarter" communist, unlike North Korea for example, and the conditions there aren't really like what the western media portrays it to be

[@ericz9451]

I don't think it's a bad thing for China because it's important to give small companies the opportunity to develop through antitrust

[@chaowang8229]

@EMAN67:RP forum Exactly~! In China, government won't allow a giant family like Samsung, which controls the economy of the whole country, to exist.

[@papapickett7267]

Yes. Simultaneously its not in Chinas interest to destroy BABA, they just want to let Jack Ma who is really in charge.

[@leexingha]

@EMAN67:RP forum ruin ur country and then migrate

[@blerst7066]

@EMAN67:RP forum Ironically, backing a handful of companies was how South Korea rose from the ashes of war.

[@TdainegonkeeU]

​@@blerst7066 samsung literally brings in 20% of South Korea gdp which is very bad for a country.

[@geoffreygoldsmith165]

Why is the Chinese Government deemed evil for redistribution of wealth. Isn't fairness and helping the disadvantaged a natural human virtue?

[@jimrustles9607]

"Goldsmith" every time...

[@next1mpact]

The major Major MAJOR different between Chinese and US Government is that the goveremnt has their mandates set for the majority of the poors and minority of the riches rspectively.

[@thumper1747]

That’s the take home from all this, not that western attitudes will appreciate it.

[@alm.2000]

You’re both naive clowns buying communist propaganda.

[@thumper1747]

@@alm.2000 how rude

[@elesjuanpi7041]

There are people with lots of balls, then there’s Jack Ma

[@Seankafor]

*M•e•s•s•a•g•e* WHAT**SAPP+ *+•1•(5•1•8) •4•6•0•5•2•7•9 *Morė* *Guįdė* *I•••A•P•P•R•O•V•E•••HIM•••HARRISON ALEX* *B•E•S•T•••C•R•Y•P•T•O•••C•U•R•R•E•N•C•Y•••M•A•N•A•G•E•R* *B•E•S•T••••S•T•R•A•T•E•G•I•E•S*

[@l_ifeefi_l1998]

He has been given his due lecture from ccp. This video is outdated.

[@sko1beer]

@@l_ifeefi_l1998 and acting like the perfect boy. The minute he goes abroad for a meeting he is never coming back with or without his money

[@royhuang9715]

@@sko1beer well if he doesn’t have any money you really think any country would take him? Get a brain please.

[@royhuang9715]

And then is CCP, they got no problem cutting your balls off no matter how many you got.

[@massculini]

China doesn't like it when their beloved son begins to think too American 😂😂😂

[@zhumason6148]

seriously not the facts

[@allenho3411]

ant group can lending u unlimited microamount to u without qualification checking and using money from bank not from ant group. It causing a lot people buying stuff on alibaba platflom by lending microamount loan unlimited and risk taken by all finiacial institute instead of ant group. Try to think whether america allow such financial institute or company.