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SHANGHAI (Reuters) – Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached. The People’s Daily revealed Ma’s Party membership in a list of 100 people it said had helped drive the country “reform and opening up” process personalized photo cufflinks uk sale. Ma is China’s richest man with a fortune of $35.8 billion, according to Forbes..
It was unclear why the paper chose to mention Ma’s affiliation now but it comes amid a push by Beijing to bring the country’s private enterprises more in line with Party values, especially in the technology sector that has grown rapidly, driven by the successes of private firms personalized photo cufflinks uk sale. Ma, who announced in September he would step down as Alibaba chairman next year, is China’s highest-profile business leader. He has acted as an adviser to political leaders in Asia and Europe and fostered big ambitions in the United States..
He has driven Alibaba to become a $390 billion giant, which dominates China’s online retail market, stretches from logistics to social media, and has spawned a separate fintech empire around popular payment platform Alipay. Ma’s political affiliation came as a surprise to many. Results from domestic search engine Baidu Inc, when asked “is Jack Ma a Communist Party member”, also mostly said that he was not. Alibaba declined to comment on Ma’s Party membership, but said political ties did not impact the firm’s operations personalized photo cufflinks uk sale.
“Political affiliation of any executive does not influence the company’s business decision-making process,” a spokesperson said in emailed comments to Reuters on Tuesday. “We follow all laws and regulations in countries where we operate as we fulfil our mission of making it easier for people to do business anywhere in the digital era.”. The People’s Daily list also included Baidu head Robin Li and Tencent Holding Ltd chief Pony Ma, though did not name either of them as Party members personalized photo cufflinks uk sale. Baidu, Alibaba and Tencent together make up the “BAT” trio of China’s top tech firms..
BRUSSELS (Reuters) – The European Union called on Washington on Tuesday to start talking over ways of reforming the World Trade Organization to prevent a paralysis of the international body. The EU published proposals on Monday for reform of dispute settlement at the WTO that it has agreed with China, India and other countries, hoping to overcome U.S personalized photo cufflinks uk sale. objections voiced by President Donald Trump that have thrown the WTO into crisis. EU Trade Commissioner Cecilia Malmstrom said the bloc and Japan had tried in vain to introduce the topic in trilateral talks with the United States..