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[-] Damarcusart@hexbear.net 25 points 22 hours ago

"All he did was criticise the government! Just ignore all the charges of corruption!"

It's so fucking easy to be a China hater, just ignore reality, say they lock people up for no reason, fly very close to the sun talking about "Asian cultures" and just watch the fed money come pouring in.

[-] micnd90@hexbear.net 31 points 1 day ago

tfw you'll never see Chris Matthews executed in Central Park

sadness

[-] Hohsia@hexbear.net 45 points 1 day ago

I deeply wish we lived in a world where tweets like this (of blatant lies btw) didn’t routinely amass hundreds of thousands of likes

[-] Le_Wokisme@hexbear.net 22 points 1 day ago

i wish we lived in a world where every country did that to billionaires

[-] kristina@hexbear.net 52 points 1 day ago

Maybe china should be more unsafe costanza-maoist

[-] HarryLime@hexbear.net 68 points 1 day ago

I don't think they did all that tbh

They probably nationalized some of his assets and made him attend like a presentation explaining why he was wrong.

I'm pretty sure Jack Ma is a party member anyway.

[-] purpleworm@hexbear.net 45 points 1 day ago* (last edited 1 day ago)

Him being a Party member is completely meaningless if you're talking about his political views or something, but the OOP is ludicrously exaggerating what was done with Ma ~~while excluding the rampant corruption and financial crimes he oversaw.~~ (see below)

[-] HarryLime@hexbear.net 23 points 1 day ago

excluding the rampant corruption and financial crimes he oversaw.

Sorry, what is this referring to? To my knowledge, his big transgression was trying to popularize some kind of banking and investment tool, which was illegal because of state control of finance.

[-] Keld@hexbear.net 48 points 1 day ago* (last edited 1 day ago)

His company was involved in a bribery scandal involving Zhou Jiangyong, one of China's biggest corruption scandals, "Ant Group" owned by Jack Ma was the primary beneficiary of the corruption done by Zhou. They've also been fined billions for various other financial crimes, including basically not complying with any financial regulations and scam loans to consumers, and it hasn't stopped them.

I don't know if that's what purpleworm is referring to, there's plenty of other shady shit to pick from. Jack Ma is a billionaire piece of shit (Tautological as that is) with all that entails.

[-] purpleworm@hexbear.net 24 points 1 day ago

My characterization was hasty, but he did get in trouble for both things that I mentioned, albeit with "rampant" only applying some of the time.

Here's a highly hostile article discussing the corruption aspect:

https://www.globallawtoday.com/business/2025/04/jack-ma-indicted-the-legal-and-political-fallout-of-chinas-move-against-its-most-prominent-entrepreneur/

Here are some other crimes, some of which are financial and some of which are not:

https://www.amlintelligence.com/2023/07/news-chinas-ant-group-pays-984m-fine-for-aml-and-corporate-governance-failings/

I guess "failure to meet anti-money-laundering obligations" is adjacent but not itself a financial crime. Here's an article that mentions what you mentioned, along with mentioning "high-risk lending activities, with leverage ratios of 50-60 times, raised serious concerns among regulators":

https://www.benzinga.com/markets/24/11/42175308/the-fall-of-ant-groups-ipo-alibabas-missteps-legal-battles-and-a-433-5m-settlement

There are a lot of different charges, which I guess is kind of what you'd expect when a massive company that the CPC had previously turned a blind eye to suddenly falls under intense scrutiny.

[-] Keld@hexbear.net 24 points 1 day ago

I think if you are involved in multiple corruption scandals and one of them is bad enough that a person involved is sentenced to death (Later changed to life imprisonment) rampant is a fine descriptor.

[-] jackmaoist@hexbear.net 8 points 1 day ago

He was also going wild over 9-9-6 so that probably pissed a fuckton of people off.

[-] Yuritopiaposadism@hexbear.net 45 points 1 day ago* (last edited 1 day ago)

They probably nationalized some of his assets and made him attend like a presentation explaining why he was wrong.

sicko-wistful

[-] GrouchyGrouse@hexbear.net 45 points 1 day ago* (last edited 1 day ago)

It's like the idea of consequences is anathema they can't even contemplate it. They can't even imagine a world where billionaires get punished.

I don't know what to tell these people. Becoming a billionaire is an immoral action. You cannot amass that wealth in a lifetime of labor. You need to manipulate, exploit, and take advantage of others to get that. There is no ethical billionaire. Motherfuckers play fast and loose with the lives, equity, and by extension bodily and spiritual health of like tens and hundreds of thousands of people in their companies, millions and millions more in their families and communities. Motherfuckers want all the benefit and none of the responsibility of living in a society. They are anti social.

Motherfuckers should be grateful we let them on our streets.

"Stripped of his wealth" hey google what's jack ma's net worth? Huh, over 26 billion??

[-] Maeve@kbin.earth 36 points 1 day ago

Like someone told me about another billionaire, elsewhere: known wealth.

[-] Finger@hexbear.net 28 points 1 day ago

no more half measures walter

Imagine if we sent Elon to re-education and he came out of it some chill dude into cycling.

sicko-biker sicko-wistful

[-] William_Nilliam@hexbear.net 41 points 1 day ago

He becomes a train guy for peak irony

[-] Ildsaye@hexbear.net 8 points 1 day ago

It takes constant ket to resist the inexorable course of vehicle carcination train-shining

[-] CloutAtlas@hexbear.net 15 points 1 day ago

He should thank the stars he got Puyi'd instead of Romanov'd

[-] NephewAlphaBravo@hexbear.net 47 points 1 day ago

"chinese luigi" sounds like a cumtown bit

[-] leftAF@hexbear.net 23 points 1 day ago

I do personally think of luigi as the america yamagami

The homemade nature of weapons, both succeeded, both taken alive with reassuringly broad support.

[-] purpleworm@hexbear.net 8 points 1 day ago

I believe the user meant Luigi from Mario, but he's Chinese, which is very much a cumtown-style bit.

[-] Awoo@hexbear.net 28 points 1 day ago* (last edited 1 day ago)

How much of that reply is even true? This seems like total speculation to me.

[-] Carl@hexbear.net 22 points 1 day ago* (last edited 1 day ago)

"stripped of his wealth" and "cede his assets to the state" are very funny ways of saying "was fined after a lengthy investigation into his company's involvement in bribery, money laundering, and violating other business rules." He's still the owner of Alibaba and a billionaire.

There was a three-month period where he went media silent during the investigation, and western outlets like to paint this as though he was censured by the red guards during the cultural revolution, but there's no reason to believe he was doing anything but playing it safe to avoid pissing off the investigators.

[-] WrongOnTheInternet@hexbear.net 36 points 1 day ago* (last edited 1 day ago)

Not even apeculation, just completely wrong and made up

Since then, Ma has kept a very low profile. In recent years, he has reportedly spent time in Japan, home to his friend and Alibaba investor, SoftBank (SFTBF) CEO Masa Son, and in Hong Kong. He has also started a new gig as a visiting professor at a Tokyo university, and spent more time on philanthropy.

A "Cannonball Run" scenario where the 10 riches people in the US must ride bikes from NYC to LA. Probably turn into "Escape From New York" about 5 minutes into the race.

[-] comrade_pibb@hexbear.net 18 points 1 day ago

adding this to the party program rn

[-] The_Grinch@hexbear.net 35 points 1 day ago* (last edited 1 day ago)

The fact that everyone knows the state has him on a short leash is probably a big reason he's safe from getting luigied on the streets.

[-] Carl@hexbear.net 8 points 1 day ago* (last edited 1 day ago)

It's funny, there are a ton of articles in the western press about how dangerous it is to be a Chinese billionaire, but literally all of the danger is from the government uncovering laws you broke and punishing you.

[-] The_Grinch@hexbear.net 1 points 9 hours ago* (last edited 9 hours ago)

"It's so dangerous to be a Chinese billionaire" No one is forcing you to remain a billionaire, nor Chinese for that matter. It must not be that bad.

[-] poster596@hexbear.net 34 points 1 day ago

xi-pog Free education AND a bike!?

[-] Keld@hexbear.net 27 points 1 day ago

Xi did not do that, but he should have

[-] PKMKII@hexbear.net 28 points 1 day ago

Imagine looking at what Elon did with DOGE and still thinking China is ebul for knocking a billionaire down a few pegs.

[-] bennieandthez@lemmygrad.ml 10 points 1 day ago

I see nothing wrong there.

[-] jackmaoist@hexbear.net 18 points 1 day ago
[-] Infamousblt@hexbear.net 24 points 1 day ago

So are they admitting that he's still a billionaire after all that? What's the problem here?

[-] WrongOnTheInternet@hexbear.net 12 points 1 day ago

He could have been a bigger billionaire!

this post was submitted on 10 Aug 2025
161 points (100.0% liked)

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