Jack Ma's Ant Technology Group
Why do many Chinese billionaires end up tragically?
Despite the trade war with the U.S. and the global economic stagnation due to the COVID pandemic, in early 2021, China overtook the U.S. to become the first country with more than 1,000 billionaires. China's economic boom during the past few decades has created a new super-rich class, with famous names ...
Jack Ma’s Ant Group scandal: Several Zhejiang officials surrendered
Several high-ranking Communist Party officials have come forward to surrender in the recent shakeup of Zhejiang's officialdom, and the case may have many links to the Ant Technology Group. According to a Wall Street Journal report, Beijing authorities launched an investigation into the Ant Group's IPO, focusing on which local officials ...
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