The report states the situation of Chinese billionaire Jack Ma is telling of the CCP's tactics of intimidation through coercive means. This has invariably caused fear amongst other business owners that had previously raised similar concerns.
Ma, who was once the richest business leader in China, shifted to neighbouring Japan, amid the Chinese government's crackdown on the country's technology sector and its most powerful businessmen, the report adds.
Chinese people are still frustrated even though they celebrated their 73rd day of founding on October 1, 1949 as the ruthlessness of the Chinese Communist Party (CCP) has been on the ascendency in the People's Republic of China (PRC).
Beijing [China], May 5 (ANI): Prominent Chinese billionaires, including Lenovo group founder Liu Chuanzhi, and the President of 'Didi Chuxing', Liu Qing have cleared their Weibo accounts and only made content from the last 6 months visible, local media reported.
Beijing [China], November 3 (ANI): Chinese tech giants are beginning to dislike the 'common prosperity' goals of the Chinese Communist Party (CCP), President Xi Jinping's push to redistribute wealth in China.
Beijing [China], October 6 (ANI): In China, thousands of people have "disappeared" as authorities "snatched" them from their homes and off the streets, as part of a secretive and sinister program against those who fall foul of the regime, according to a media report.
Beijing [China], September 26 (ANI): Of late China's big tech firms like Alibaba, Tencent and Baidu are facing problems under growing pressure from Beijing's campaign to rein in their power and influence.
Beijing [China], September 9 (ANI): China's President Xi Jinping has put China's tycoons on notice that it is time for them to share more wealth with the rest of the country.
Beijing [China], September 6 (ANI): China is clamping down on celebrities and rich listers like Zhao Wei, Fan Bingbing, and Jack Ma as it considers as products of Western ideology.
Canberra [Australia], August 25 (ANI): With China recently launching a crackdown on big technology companies, an Australian-based journalist has said that Beijing's action to restrict "excessively high" incomes and coerce the wealthy to "donate" their wealth for the common good, will impact
Shenzhen [China], July 17 (ANI): China's ultra-wealthy have been on a philanthropic tear this year, but behind the surge in private gift-giving looms the hand of the Chinese government, says an inernational expert.
Hong Kong, May 25 (ANI): Chinese billionaire Jack Ma will be stepping down as the President of Hupan, an elite business school he founded, suggesting a further retreat from public life by Beijing's most prominent entrepreneur in the face of government pressure on the tech industry.