Tesla sold 35,478 vehicles in March, smashing China monthly sales record

[Mista]

It seems Jack ma's issues with the CCP runs deeper. He was abit too critical of the government and some of its state owned champions which Xi jinping has been championing since he took power ( he wants a much larger and stronger state owned enterprises presence in the economy and industry) so challenging that narrative was like indirectly challenging the president himself publicly which is unacceptable in such a system. Jack ma went abit too far. It seems he thought that Xi wont go after his company, since prior to that other Chinese leaders didn't get involved much in private companies and their expansion/dominance. I guess Ma misjudged who he is dealing with. To this end, they just slapped the largest ever fine China has fined a company to Alibaba(not even apple despite her market abuses was fined such a huge amount lol).

Alibaba Fined Record $2.75 Billion for Market Abuses in China

The penalty, equivalent to around 4 percent of Alibaba's 2019 revenues, is the highest ever antitrust fine to be imposed in China.

www.google.co.uk

He seems to have come to his senses since the crackdown , he doesn't talk anymore or give public speeches that often unlike before . Hopefully he learned his lessons.

LMAO.

Criticizing the CCP is one thing. Another legitimate concern they have would be to regulate Ant Financial as a financial firm rather than as a tech firm. Of course the CCP isn't so stupid to regulate Ant just because Jack Ma criticized the government; they want their home grown companies to succeed as well.

Ant Financial is more dominant than most banks in China now, and they do pose financial risks if they aren't regulated. Ant still have tremendous potential and it's actually good for them in the long term if they are regulated IMO.

How Ant Financial Became the Largest Fintech in the World

How Ant Financial mined gold from its Alipay financial services platform to build the fintech company in the world.

www.applicoinc.com