Well at least he still has billions. It's not like he'll be poor and homeless. If I were him I'd just by my own Island somewhere and retire.
Quite frankly, Ma and his companies somewhat got what they had coming. It's a shame that many jobs were probably destroyed and that this only strengthens the power of the much larger evil that is the CCP, but this particular billionaire had gotten into bed with that particular dragon with enough experience of their dealings to know what they could do on a whim. In many ways he actively aided the Chinese state surveillance monster in its efforts at social control. Now he's seeing that when it comes to state power, anyone who isn't top dog is always subject to arbitrary punishment if the right sort of megalomaniac feels threatened in some way. Apparently, this didn't bother him when those being targeted were millions of smaller people (targeted at times with help from the very technologies his corporate empire helped develop). This whole fiasco speaks poorly of China's respect for rule of law and even its intelligence in how it proceeded, but as for Jack Ma himself, I hardly see how he deserves much sympathy finally being a target of his ruthless and control-hungry former friends.
Isn't this just basic antitrust regulation? I don't like to use the word 'propaganda' unless it's tongue-in-cheek, but ... <i>"Ma’s assets have been stripped, shorn, and degraded"</i> ... come on, give me a break.
A moment of silence for the loss of some of his billions. I sure hope he can get by on the few billions he still has.<p>Gosh, is there anything more tragic than the loss of wealth?
Reminds me of the tale of the frog and scorpion - trusting a one party govt to play by a rulebook not of it's own making.<p>The hubris of Jack Ma - good book or movie one day.