How China Lost Patience with Its Loudest Billionaire

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The sudden cancellation of Ant Group’s IPO shocked investors, but Beijing's slapdown of Jack Ma was years in the making. And Alibaba and Ant aren't the only tech firms under scrutiny by Chinese regulators.
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Опубликовано:

8 июн 2021

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Комментарии : 7 тыс.

@business 2 года назад

@yhzh755 2 года назад

Why would we proletariats have sympathy to capitalists? They have exploited enough from us, and it's time for them to pay.

@Ali.abb17 2 года назад

@@yhzh755 you’re so woke

@jbetfifty5904 2 года назад

@@yhzh755 we should have basic human compassion to everyone. Treat all as you want to be treated

@lawngaiyi 2 года назад

His head?

@EuroTravChannel 2 года назад

Oh yeah? What happened to Meng Wanzhou? The West lost patience with non White success?

@bigfoot131 2 года назад

In short Jackie Ma was humbly reminded he is in China.

@mohamedghaleb6593 2 года назад

Hubris has no borders.

@Wah1d145 2 года назад

Yup where elites can't rule over the majority

@pettypractice7872 2 года назад

No he got humbly reminded that he can't mask a what is essentially a bank as a tech company

@reithreithreith 2 года назад

@@Wah1d145 lol the problem here is thinking that people in government aren't elites as well. The problem is only the government can be elite.

@JackIsNotInTheBox 2 года назад

Can't get that sweet sweet chinese money without following regulations.

@salvinsam 2 года назад

Jack Ma: Money is power CCP: Power is *POWER*

@die1mayer 2 года назад

Mao: Power grows out of the barrel of a gun

@souffled 2 года назад

What kind of English is that? :(

@DarkAraque 2 года назад

Reminds me of games of thrones

@jonathandlc1518 2 года назад

Laugh in Cercei Lannister

@F15ElectricEagle 2 года назад

@@souffled - It's Cercie Lannister English. Jeez! You must have been living under a rock.

@grandysong 2 года назад

"Woking from 9 to 9, 6 days a week is a blessing" is what he said. He actually forced his workers to do that. Because if you don't do that, someone else will. Then you are fired.

@salemyaslem9792 2 года назад

that mean they work 12 hour a day and 72 a week? I hope they pay well

@jaddytheteenblogger 2 года назад

Well he isn't wrong.

@8XHuXBgkok 2 года назад

What an exploitative capitalist! Workers of the world, unite!

@Degenerate_Chimp 2 года назад

@@jaddytheteenblogger slavery is wrong.

@danhdao7417 2 года назад

Just think about how asian use the culture of dedication like Japan or China as a philosophy to brain wash people, telling them not to lazy so they can manipulate to exploit and milk people easier via contracts and their fanacial problems, this is the look from 3rd person. You would feel nothing if you were a part of their community, it's just another usuall days for these people, work hard and die early, as long the money is worth to their life, they will keep risking their life, like Squid Game on Netflix. After all, industry is a monster, and the monster is stronger with CCP buff.

@burningmanmike 2 года назад

“The nail that sticks out gets hammered down.”

@alexdasliebe5391 2 года назад

Compared to “the squeaky wheel gets the oil”

@Pppp-yf4lj 2 года назад

Someone has been watching Tokyo drift

@BobLoblaw23 2 года назад

@@Pppp-yf4lj lol its an old japanese proverb. Tokyo drift didnt come up with it 🤣🤣🤣

@ghost_ib9928 2 года назад

@@BobLoblaw23 they even say so in the film itself

@user-fx8xp8um1o 2 года назад

枪打出头鸟

@metalfly. 2 года назад

There's a fundamental difference between how China and US operates. In America, Money gives you Power; in China, Power gets you Money. No matter how wealthy you are in China, without the political backing you are nothing. Whereas in the US, no matter how capable you are as a politician, without the support of major donors to finance you, you wouldn't get very far either. Although another key difference is the one party system vs. multi-party, in China, if you lose a political battle you often find yourself in jail or losing everything you built; in America losing one battle usually just means you need to prepare better for the next one, they don't look to end your career.

@bestintentions6089 2 года назад

Yes in China all money and real estate belongs to communist party and can be confiscated upon any whim of some of its members. Why stock market is bad investment there

@axelpatrickb.pingol3228 2 года назад

@@bestintentions6089 I mean, if you're a foreigner the PRChinese won't even allow you to invest in there...

@arbynChief617 2 года назад

Yup. America is the land of second chances. Get beat, pick yourself back up and make a name for yourself. Even with the flawed structure of “more money=more power”, anyone can become rich and powerful. With China, you make a mistake and its off to the gulag. Everything in your life is dictated by bureaucratic elites and your only way up is not crossing them. Much less opportunity.

@benjaminlam1585 2 года назад

@@bestintentions6089 There is basically no stock market in China with the exceptions of maybe some very large multinational companies and the money and real estate dont' "belong" to the CCP. Anyone can hold it similar to America, you just dont "own" 'it

@bestintentions6089 2 года назад

@@axelpatrickb.pingol3228 it’s a Jail and not a country

@boyihu5209 2 года назад

Lol. Trying to find Jack Ma by knocking an old door of an apartment because he used to live there. Of course, with his wealth, we expect to find him living in an old condo with neighbours above and below, and also no security so that reporters can knock on his door.

@JohnHu1986 2 года назад

I know right?

@r3dpowel796 2 года назад

Imagine getting loan from apple and microsft instead of the official banks.. thats what the whole problem.

@xiaozhang5433 2 года назад

LOL and calling him by his birth name "Jack"

@antlvk 2 года назад

Bloomberg are funny....

@lovealways2609 2 года назад

Jack has got a giant brain.. GIANT BRAIN folks need to be appreciated and allowed to explore all options by their respective Governments

@gavecunningham1204 2 года назад

"Working from 9 to 9, 6 days a week, is a blessing." - Jack Ma Yes he really said that. He might be one of the richest in Chinese history, but people will remember his name differently.

@nobody4y 2 года назад

Make me rich wagy

@chenjon4808 2 года назад

yes, he did say that, and in china ali has a code name as blessing factory for that words.

@CloudKXII 2 года назад

Didnt he later said he doesnt support this idea but respect the people who chose to do it ?

@nolongerhuman9809 2 года назад

For him,brute force his way toward success is the only way he can actually achieve his success,in his early days as a ceo,the market was very volatile,so there is no rest for him and his group,the same goes for other big companies around the world at that time

@marcelohendrix6139 2 года назад

@@nolongerhuman9809 how do think billionaires get to be billionaires

@kinghassy334 Год назад

"Bend the knee or be broken" is pretty much how all power works, the problem is who controls it. In China it's politicians, in the US it's corporations.

@demanhemzelf4431 Год назад

Eh there is a nuance, really simplified. In the USA u have loud opposition of corporations (communists, socialists, social democrats are all open). In China u arent allowed to oppose. And don’t forget tiannemen square. Nothing of that caliber ever happened in the Usa in modern history

@kinghassy334 Год назад

@@demanhemzelf4431 I guess you're right but also the opposition in the US are only allowed as long as they are ineffectual. It's like how Putin allows opposition parties to oppose him when everyone knows they have no power. But you're right that in china you don't even have the appearance of opposition

@astorytotell5019 Год назад

💯...

@SharukhSaifi 3 месяца назад

In US its lobbies

@piergiorgio919 2 месяца назад

@@demanhemzelf4431 Were assange or snowden allowed to oppose? The system is rotten globally and equally

@meganoobbg3387 2 года назад

Being a businessman and saying "i hate regulations" in a summit in Shanghai, is like saying "i hate guns" during an NRA meeting in Texas. You cant really expect applause.

@larryxiang822 2 года назад

its worse though. The NRA doesnt have the power to take everything away from you.

@osamabinladen824 2 года назад

Meganoob BG LOL 😂

@kyll5552 2 года назад

在美国不同

@MONICAANICA 2 года назад

He said... I hate regulations of yesterday

@48grainsoffreedom 2 года назад

@@MONICAANICA but chinese administrators heard "I hate regulations". They stopped their hearing at regulations. The rest doesn't matter to them.

@theuniversewithin74 2 года назад

Chinese authorities fining Alibaba for monopolistic conduct is beyond ironic. EDIT: Come on all you CCP mindless drones. Defend your dictatorship for all it's worth.Gimme your best shot.CMON! 🤗 ❤️

@brucezhang211 2 года назад

what r u talking about, ali and tencent are toxic, they r even less well recieved than fb

@gj6480 2 года назад

@@brucezhang211 probably bit not sure Chinese government are best place to criticise

@maxbreeze4861 2 года назад

Ma tries to engage loan business without financial institution license. The business model would potentially harm the benefits of general public. Alipay also cuts the corner of foreign exchange procedures in China. It is all about law compliance.

@Blindswordsman1994 2 года назад

@@brucezhang211 nonsense. These companies are well revered in China. It’s only now that people are hating on them cos the communist party taught their citizens how to hate

@coldstring5646 2 года назад

He was building an unsustainable business model. They were trying to avoid a second subprime mortgage crisis.

@Caydiem 2 года назад

Kinda ironic that Tencents first product was a scuffed ICQ online-messenger.

@Tekape 2 года назад

why is it ironic?

@niklaskeller4794 2 года назад

@@Tekape Because that was the Start of the Facebook Monopoly too

@MisterFoxton 2 года назад

Sounds more like a coincidence, or a smart catalyst at the time.

@dotnet9830 3 месяца назад

did the irony leave the room?

@tcccmno 2 года назад

He has this huge round head with a small face. Mesmerizing!

@Multiroester 2 года назад

LITTLE BITSzzz

@darthmummy7889 2 года назад

Money can’t buy you a normal head

@tcccmno 2 года назад

@Tron It's fascinating to look at. In a weird way hahah

@yuyah7413 2 года назад

@@darthmummy7889 plastic surgeon: oh, hello there

@bogslut 2 года назад

basically Mandark from Dexter's Lab?

@brianuyungele1583 2 года назад

I burst into laughter when I saw him knocking on that old apartment door. do you really think there's a chance that he lives there? Out of so many mansions he has? And you ask "Jack, are you there?" in English. Jee

@the7thseven873 2 года назад

Haha for real.

@garychen7375 2 года назад

He got an mansion in lake placid New York, I guess they will have a better chance if they knock the door there instead of flying to somewhere ten thousands miles away

@insert_username_here 2 года назад

To anyone who comes across this reply thread, please do not reply to the bot above this reply. Just report it, and continue your day. Edit: the bot comment above mine is no longer there, so this comment can be ignored. I'm 7 months late though, but oh well.

@anotheryale28 2 года назад

Jack can speak decent English

@arbs3ry 2 года назад

Yea, no way he lives in that apartment with such gloomy narrow aisle. And no body guards? I bet that apartment was where the man who knocked the door lived.

@terryhan 2 года назад

you think Jack lives in an apartment like that? you just knock on the richest man in china's door and figure ok he's not home

@vbrvideoproductions4643 2 года назад

Yeah, that was pathetic journalism!

@ironmantis25 2 года назад

To think a guy worth 50+ billion dollars live in an apartment, and an apartment you can casually knock on the door, is ridiculous.

@atulyadav3197 2 года назад

@@vbrvideoproductions4643 Journalism in China, LOL. You know that was just for camera.Right.

@derangedgod4440 2 года назад

Oh please, as if there wasn't lobby security on his building... 🏢🙄

@Passions 2 года назад

Most likely the journalists own apartment LOL.

@annieshi-sansom9475 2 года назад

He hasn’t learnt a thing from the 2008 financial crisis as irresponsible lending is exactly what he is promoting in China. He knows if he create a financial crisis in China, it’s the government who will have to pick up his mess!! He said that the regulators acted like “pawn shops” because they want you to put actual collateral on the line for the astronomical amount of money he wants to borrow!! Isn’t that what called responsible lending?

@tensevo Год назад

The CCP regime will fall, will see to it.

@hxxro9950 2 года назад

US: Money is power China: power is POWER

@shamsulhaqramzi378 2 года назад

Hahahaha

@GabrieleirbaGabrieleirbag 2 года назад

control is power

@vinhtranvan3755 2 года назад

@@GabrieleirbaGabrieleirbag power is POWER

@GabrieleirbaGabrieleirbag 2 года назад

@@vinhtranvan3755 power is control, control is power, power is power, power is money, money is power. jesus so many of them.

@Yummymarshy 2 года назад

Ur bloodline is power

@sunnyking8881 2 года назад

In the US, Billionaires control government😂

@nanezferrer3565 2 года назад

not in china hahaha

@noishfanboy1141 2 года назад

strange isnt it that in the us billionaires control the govt. but in china the govt. controls billionaires

@sunnyking8881 2 года назад

@@noishfanboy1141 Yep, I'm confused. But as a citizen, I think a government should work for people, not billionaires

@Zunken12 2 года назад

50 cent army spotted

@vonn1334 2 года назад

@@nanezferrer3565 this is why China will be the first giant to collapse.

@lohitpeesapati3846 2 года назад

They were scared of A.I (Alibaba intelligence)

@leagueoflegendrankednormal6387 2 года назад

I like ya cut, g. I have a tattoo of L

@chaldean7043 2 года назад

😂 They where afraid of him reaching singularity and self-consciousness 😂

@cybercomets7260 2 года назад

lol

@sea2959 2 года назад

yeah of course....we, on the other hand, are afraid of the communists, who by my account should be here already. I guess they are kayaking all the way from Russia, and they have paddles

@navegantezen5983 2 года назад

Intelligence? Or scoundrel?

@huhan100 2 года назад

From what Ive heard, Jack Ma’s new Ant Group was trying to offer a financial service with effects very similar to subprime mortgage. It had the potential to cause a economical issue. This was the reason that the Chinese government suspended its IPO

@thundersharkpanda Год назад

If the CCP didn't intervene it could literally create the next 2008 financial crisis. So yeah suspending the IPO was definitely the right call, although it was just done in a rather "Chinese fashion."

@JohnVAsiaTeacher 2 года назад

Is it so terrible that giant private corporations are regulated? In the US they're not and a few people were able to legally cause a huge recession in 2008 for their own profit.

@dustywaxhead 2 года назад

Private business runs our government in America. We need to learn from Chinese about capping big business and making them work in the interest of America. CCP are better Capitalists than US Gov

@JohnVAsiaTeacher 2 года назад

@@dustywaxhead I worked and lived in Northern China for several years. Regulated capitalism isn't as bad as the western media and politicians make out. It simply prevents a s,all group of people from destroying the economy and becoming more powerful than the government elected by the people. We already know where the next recession and stock market crash will come from.

@ClemensAlive 2 года назад

When a chinese Billionair talks agressivly on a big stage - I instantly get Cyberpunk vibes

@NellieKAdaba 2 года назад

🤔

@alexmoore432 2 года назад

How I laughed !

@yl128pang3 2 года назад

Chinese government just prevented a "2008 Lehman Brothers style of financial" crisis by stopping the IPO of Ants Fintect. Only the greedy, selfish Capitalist and politicians close one eye and let 2008 Financial crisis to happen and did nothing to prevent it, and put the blame on Lehman Brothers.

@adityashukla5102 2 года назад

you mean broken

@officialunitedstatesofamer2944 2 года назад

@@yl128pang3 Okay, “Pang”.

@temodeart 2 года назад

I am more worried about the mental health of the guy who expected to see a billionaire by simply knocking his old apartment's door while calling him Jack than Jack Ma himself.

@notmuselk6690 2 года назад

hes probably a friend or so

@EBH-ip3nr 2 года назад

I JackMaSelf

@Mally620 2 года назад

Time stamp?

@namelessguy199 2 года назад

Jack is not a royal, he is just a civilian, a rich one, u can call him whatever u want

@gwho 2 года назад

what are you even talking about

@wrightmf 2 года назад

"bend the knee or the knee get broken" is like "an offer you can't refuse"

@haesung2148 2 года назад

look at what they do to 'their people' and imagine what they would do to 'not their people'.

@Spumoon 2 года назад

The Obamas' American Factory documentary lets us glimpse into the future. They're already buying factories here and installing foreign management.

@ellusiv5121 2 года назад

you don't have to imagine

@wolfpackgames4674 2 года назад

they'd do nothing to "not their people" since no one will allow china to get close

@alexp8785 2 года назад

Regulating companies is something evil now?

@ys2b712 2 года назад

@@alexp8785 Check ur facts bruh

@royalmontpark 2 года назад

Yep, he got inflated. His idea of using a helluv leverage to create huge credit bubble in China is DOA, China won't allow that. 2008 economic crisis well learned.

@tensevo Год назад

CCP regime is failing, which is why it is becoming so totalitarian. Always happens before the fall of empire.

@krealyesitisbeta5642 2 года назад

Jack ma: “Perfection isn’t here in China.” Chinese government: “Neither are you.”

@alexd9597 2 года назад

He is a bit of a knob. But i think i dislike winnie the pooh more

@jaeemulhossain7597 2 года назад

jack ma's social credit: -690000000

@Racko. 2 года назад

CCP to Jack Ma: -50,000 points

@rat_koon8198 2 года назад

10:25 Respect to the reporter doing his research and pronouncing these correct.

@RokeJulianLockhart.s13ouq 3 месяца назад

Many private rich individuals forget how powerful even the smallest government is.

@hchan4301 2 года назад

did Bloomberg send a comedian to knock Jack's door? that's soooo funny

@iamaku09 2 года назад

😂

@r3dpowel796 2 года назад

Imagine getting loan from apple and microsft instead of the official banks.. thats what the whole problem.

@italkalot8876 2 года назад

Underrated comment

@jjcoola998 2 года назад

Instead in America we can get payday loans at 500% such a superior system for the average working class person

@tiktok_life4tech 2 года назад

You got it.

@aredzarep5320 2 года назад

Well this is where you have communism putting a leash on capitalism. Much better than democracy will ever be able to do so. Once it loses purpose and benefit for people. Exactly what it should do. This is hard to understand for someone on the west as people are just used to capital doing what ever it likes including takeover of all political institution that should serve public not a corporations.

@Crizakafrijolito 2 года назад

Had he waited for his ipo to become public, he would have had more influence I would imagine

@clairessaffeirwelling9330 2 года назад

and more risks we could imagine, take finacial crisis of 2008 as an example, that's why he must be a goner.

@Trayten_Moriah 2 года назад

Alibaba's monopoly fine was mainly due to the “choose one of two” rule: if a merchant wants to sell something on Alibaba, they were forbidden by Alibaba to sell something on other platforms.

@pr0newbie 2 года назад

@@aaronwestley3239 Yup. Anti-trust basically. Same as what small businesses complain to the US Gov about Amazon. But nothing effective has been done.

@GhostEmblem 2 года назад

Not only that but the way they described Ant made it seem totally justified they came after them with regulation.

@milan.2412 2 года назад

@@pr0newbie exactly. This is a big deal because we can't fathom our government doing this to Zuck or Bezos. Facebook and Amazon will face a similar reckoning.

@pr0newbie 2 года назад

@@milan.2412 While I don't believe in the communism the soviets and chinese practised in the past, what that did was create competition for liberal democracy and capitalism. It made sure capitalism provided a higher floor for the 99% thanks to labour unions and pensions, and a low ceiling on the elites like CEO pay. Hopefully China gives the elites of the world a run for their money and that they start serving the people that contributed to their wealth.

@moviesjean23 2 года назад

Seriously?

@sarmadbaloch432 2 года назад

The most funniest thing is that they didn’t find the china’s billionaire in his old apartment 😂😂

@mist9385 2 года назад

He is spending his holiday in 5** Chinese prison

@Mortum_Rex 2 года назад

@@mist9385 I hope so.

@edvfya9922 2 года назад

@@Mortum_Rex Why?

@albiesheng6216 2 года назад

Made my day, lol.

@MrKumfo 2 года назад

poor English. You either say "the most funny" or "the funniest" not "the most funniest"

@skillo6399 2 года назад

12:20 they might not have killed him, but that's the look of a man who isn't living anymore

@klefthoofrobert787 2 года назад

He was sent to one of their camps for "Re education" :)

@youarenotassmartasyouthink5587 2 года назад

In China billionaires can’t just pay lawfirms to bend the rules. They just get regulated. And that’s the same behavior these companies show on the market. They crush small upcoming businesses with their monopolies. I think it’s awesome.

@jacobgagnon1820 2 года назад

@@youarenotassmartasyouthink5587 lol no bro its always politically motivated. Ccp is mad corrupt all around.

@Ivd599 2 года назад

I'm surprised Ma did heared the old proverb of "the nail that stick out get hammered."

@Madame702 2 года назад

No Sung, Jack Ma was part of faction that was trying to depose Xi Jinping.

@NotCthulhu 2 года назад

bing chilling

@grapplerke 2 года назад

Jack Ma thought he could be like Bezos in America

@F15ElectricEagle 2 года назад

He forgot China is not America.

@MultiTHEJOKER 2 года назад

@@F15ElectricEagle like it’s paradise America is even worse

@crfishstick2953 2 года назад

@@MultiTHEJOKER what?

@khein2204 2 года назад

Don't forget that jack ma also a ccp official

@micheal5117 2 года назад

@@MultiTHEJOKER what

@rayleeaustralia 2 года назад

When Ccp supports you, you can do anything. Then he thinks he's smarter than them

@willengel2458 2 года назад

Jack Ma was merely the front man. do you think he can come up with the scheme?

@dongster529 2 года назад

@@willengel2458 What scheme? You mean like how the CIA funds every potential tech startup in silicon valley? Oh please, as if China was that advanced in 90s, risk takers like Jack Ma would never had even gotten on the scene, that guy couldn't even get a job in the competitive civil service so he had to risk it and start in business.

@ok-xo7rm 2 года назад

Lol

@hyoo5309 2 года назад

某麻花藤可活的好好的，况且如今的中国首富大家都还念不出他的名字以为他是卖矿泉水的，却追着一个退休了五年的杰克马哔哔来来

@aportfolio8324 2 года назад

@@willengel2458 if he wasn't before, he is now. That dude vanished and got "re-educarted." haha that's just the CCP doing it's mafia thing again haha

@goldylocker 2 года назад

I do not see anything wrong with limiting monopolies expandature, and allow others to compete. Monopolies, among other things, can become inefficient, they can cause abuse of power, low payroll, high cost products and low quality of service and product. Basically the little guy has no choice, take it or leave it situation.

@comatose3788 11 месяцев назад

It's not limiting monopolies .. it's no monopolies at all. Think everyone world wide understand that all too well. There are to be no monopolies is the law world over.

@60-second-HACKS 2 года назад

"Bend the knee or get broken." In the US, that conversation goes the other way. The IT behemoths say to Government: "Bend the knee or get broken."

@funnybones5926 2 года назад

Jack Ma: I tried so hard and that so far, in the end it doesn't even matter.

@josron6088 2 года назад

Nice Linkin Park quote. LOL.

@funnybones5926 2 года назад

@@josron6088 😁

@truthboom 2 года назад

well the money he got does matter

@mukamuka0 2 года назад

Money is useless when he get locked up in underground dungeon

@karasheep 2 года назад

Why is this comment audible?

@lukehua5989 2 года назад

money is not equal to political power in China.

@GodKing804 2 года назад

Communism is cancer

@thetruthalwaysscary 2 года назад

@@GodKing804 lol..China has 800+ billionaires and over 1000 millionaires created daily the last 10 years. This is a huge issue for western powers that they started a media war. Communism China is less communist than any western countries. Reality hurts. In China there is a one party system that is called "communist", but it is a functional Confucianist dictatorship. Go to China travel a little and unless you are blind and deaf you will understand all the BS you are fed from media is just BS.

@GodKing804 2 года назад

@Asia Asia cure for cancer? Where is it? Must be huffing those factory fumes 🤣🤣🤣🤣

@TheRockkickass 2 года назад

No, it’s based on how brainwashed you are

@TheRockkickass 2 года назад

@@thetruthalwaysscary China absolutely has not created 800 Billionaires a day for ten years. China currently doesn’t have 800 billionaires total. You’re actually a waste of oxygen.

@echog154 2 года назад

When a company goes monopoly, it will put the people's interest last. If the capital controls a country's decision making, it will also put the people's interest last. US has shown the world that, so the world needs to learn.

@dustywaxhead 2 года назад

China is BASED

@selimbennouir6238 2 года назад

I’ve noticed that on his platform he takes over most of the supplier advertising space which makes it harder and by the way regulations means finding the middle ground to avoid discrepancies which he doesn’t seem to pay attention to or even care about, and this contradicts most corporate business standard

@NazriB 2 года назад

Lies again? Loyalty Bonus

@dragonel88 2 года назад

7:18 "he didn't read the room very well", i think he did read the room very well and he start blasting anyway.

@liquidtunes 2 года назад

Danny Devito so anyway I started blasting.jpg

@Seankafor 2 года назад

*M•e•s•s•a•g•e* WHAT**SAPP+ *+•1•(5•1•8) •4•6•0•5•2•7•9 *Morė* *Guįdė* *I•••A•P•P•R•O•V•E•••HIM•••HARRISON ALEX* *B•E•S•T•••C•R•Y•P•T•O•••C•U•R•R•E•N•C•Y•••M•A•N•A•G•E•R* *B•E•S•T••••S•T•R•A•T•E•G•I•E•S*.?

@chekweitan 2 года назад

it is possible Ma know the IPO is going to get suspended, so he criticize the government as his final shot to save the IPO.

@I9s7lam5is-S3tu1pid 2 года назад

True dat.

@complexitytr9098 2 года назад

The comment i was thinking of.(main cmt)

@SerendipitousProvidence 2 года назад

I laughed my arse off when I saw the guy knock on an old door of a somewhat run-down apartment as if he lived there, to top it off - he even calls him by his first name as if they were childhood buddies. Trying to impress us lol.

@JackIsNotInTheBox 2 года назад

When the network tells you to record a clip, you do what you gotta do to get paid. I even saw a guy interviewing a homeless man just to get an interview on air.

@googlebanmetoomuch2601 2 года назад

🤣

@shikharashish4839 2 года назад

@@JackIsNotInTheBox but if jack is not in the box, where is he?

@jerrywu5797 2 года назад

That’s also funny. We all know that he’s not at his apartment for sure, because this abrupt IPO suspension drove major investors and the board of ant crazy - basically he broke the financial freedom dreams of lots of people. This is basically the funniest piece in the video.

@evm6177 2 года назад

🍷😆.. LOL , Sorry Jack Ma just left the building. Try the golf course or the resort.

@IronWillTV 2 года назад

Me during the first 15 seconds: "How China Lost Patience with Its Loudest Billionaire will remain Unsolved..." (wheeze)

@andythomasdev 2 года назад

Haha I knew I recognised that music from somewhere...

@BugattiBoy01 2 года назад

?????

@xuli134 2 года назад

Well, it is better to remind everyone what he did. Jack Ma forces his employees to work for 12 hours a day and six-day a week. in a presentation, he nominated that as an ’awesome reward‘ since his employees can earn more. This has now been widely accepted by all the Chinese private companies and is currently torturing generations of Chinese young adults......

@TYrone597 2 года назад

yes, it is disgusting and should not be normalized.

@KC16A6 2 года назад

I'm definitely NOT advocating slavery, but he adopted the CCP's business model... the CCP cracking down on monopolies and bullies... what a joke !

@sebastian-iz7zc 2 года назад

Well you know he isnt forcing anyone, if you dont like it, dont work there huh?

@TYrone597 2 года назад

@@sebastian-iz7zc i think it is not that simple because knowing chinese culture, you can be labeled as lazy or a quitter by society for not being willing to work horrible hours like everybody else. There is discrimination

@icebox1954 2 года назад

@@KC16A6 Any government is a bully. Ultimately, power is everything. You are bullied or coerced into laws you might not agree with by people who choose what happens with you and your freedom of movement is restrained by rules you weren't consulted on. Your criticism of the CCP is pretty dumb. It's a government's job to make sure people don't create monopolies and chokehold the economy. The CCP is actually doing the right thing here.

@maheenahmed2631 2 года назад

As soon as I heard that music, I thought I had clicked on a BuzzFeed Unsolved True Crime video

@Seankafor 2 года назад

@patrickt6227 2 года назад

The end of the day...the Chinese government has the final say...and is "bend the knee or get broken" -Stannis Baratheon/Chinese Government

@50nerds 2 года назад

It’s the opposite in the US, the corporates and Wall Street has the final say. US politics and politicians always work or bend their knee for corporate interests.

@xiaomose7495 2 года назад

@@50nerds well said. US is just like a giant corporate that several smaller corporate(apple Google etc, comparing to US overall economic size) works together to manage it

@jp95js 2 года назад

“Resolutely uphold the core position of General Secretary Xi Jinping!”

@r3dpowel796 2 года назад

Imagine getting loan from apple and microsft instead of the official banks.. thats what the whole problem.

@robbieaulia6462 2 года назад

@@r3dpowel796 "USA is the land of freedom. This ad is brought to you by GM, Microsoft, Apple, ExxonMobil, and other more corporation.'

@basilthp 3 месяца назад

China is doing the right thing. Its in best interest of the people to keep billionaires inline.

@trouble5085 2 года назад

Looks like even the Chinese got freaked out by his alien head.

@ravikantsolanki5707 2 года назад

It seems he has reversed his own ideology, "Be the lover of government but don't marry them". He got married and suffered domestic violence at last!

@sabrinaxg3607 2 года назад

if he has no family maybe he could tell more real exciting stories about his life and his empire. but he got family so he can't be the man he wanted to be.

@poetbill9668 2 года назад

The core reason is: in China, a businessman can have a lot of money, but he can't have too much power, especially he has too much control over national policies. Ma Yun's influence on the country is too strong, so he will almost certainly be weakened

@troyzelf 2 года назад

not that complex. he just cant hold his greedy on money - if you have any knowledge of his loan business - besides, his ambition expanded infinitely, even tried to change china's banking industry. thats madness

@yottaXT 2 года назад

@@troyzelf Once the CPP tell you his busines is bad, you have no choice but to think that it's bad, right?

@troyzelf 2 года назад

@@yottaXT and next time, plz learn some fcking knowledge and truth before you open your mouth and judge. we have problems in china but its not the so called brainwashed one, its the problem between people and capitals, its the problem between justice and corruption

@ermytanio7111 2 года назад

Jack Ma: there is something wrong with the financial system in China CCP: The Earth King has invited you to Lake Laogai

@rupertgarcia 2 года назад

I- 😭😭😭😭

@diabl2master 2 года назад

Hahaha exactly

@divertiti 2 года назад

Nah he's doing what Uber is doing, participating in a industry without obeying to the rules of that industry

@Seankafor 2 года назад

@user-fg2oq4mg7k 2 года назад

The big company have big power and can get quick money, that will distroy the small company and innovation. The chinese goverment want the big company can leading innovation, promoting social development and leading the people to rich together, but not blindly extracting the wealth of the people at the bottom.

@mottbox Месяц назад

I find it hard to even believe Jack Ma isn't just an actor. He's so unintelligent it's shocking.

@bingjingling 2 года назад

Did someone notice as well that Ant Group only uses 2% of their own money to lend out to tiny business and individuals per its platform and 98% of lending money came from state banks? Ant Group and it’s ownership will be the biggest winner of IPO if possible. Highest leverage and biggest risk would be left to state banks. Insane to the whole society !!! Fortunately, this IPO was pending on time to be adjusted until to be adhere to laws.

@MrLeiduowen 2 года назад

Of course we did notice, that's the whole point, Amy😉

@danxu9261 2 года назад

@@MrLeiduowen That IS the whole point. Ant Group exploited the regulatory loop holes to grow, and piled up huge risks to state banks. The government realized this before its IPO and called timeout. Ant group didn't break the existing laws and the government is trying to fix the laws. Neither party has wrong doings here in my view.

@staringtako 2 года назад

Guess Jack Ma's plan living the american dream with the IPO money has been cancelled 😆

@tiatine9752 2 года назад

Yep. Can c a lot of ppl purposely ignoring it

@danielm8482 2 года назад

You make it sound as if it still does so ("uses"), then later inform that it has been reformed. So is it still the case at the present moment?

@erickariuki6842 2 года назад

It's like Amazon starting a mega financial institution and try to call it a fintech company. And also 98% of loans it provides to be covered by the Federal banks

@gryff8400 2 года назад

Sound like the Wirecard company... A fintech hiding a massive finance operation...

@gold9994 Год назад

@Chukey They should be stopped, at all cost

@walid7885 2 месяца назад

No lobbyist to save you if you're rich.

@virgentina4757 2 года назад

Thank you so much everyone especially Dlbaba thank you so sir

@koroglurustem1722 2 года назад

Xi told Jack "do you feel in charge ? "

@ZxRiGxZ 2 года назад

“..I paid you a small fortune..”

@khein2204 2 года назад

Don't forget that jack ma also a ccp official

@matrixkrock 2 года назад

"Bend the knee or it will be broken" That right there is one great quote....👏👏👏

@chrisortiz8072 2 года назад

To be fair with his money he could make a few moves and buy an exoskeleton meaning wouldn't have to bend to anyone

@alphabeta4028 2 года назад

Break the law or go to jail... It's same.

@andykeri8370 2 года назад

Nobody is allowed to to start any business without the blessing of the CCP. So this guy just got cocky ,needed to be reminded who is the Boss.

@raspberryPi1337 2 года назад

"keep it low" the ccp asked Jack ma calmly

@MyWickedSmile 2 года назад

Jack Ma's Famous Quote/Pearls of Wisdom for Young People in China (2020 Version): 1. "Who are you" 2. "What are you guys doing" 3. "Where are you taking me"

@robbieaulia6462 2 года назад

"To the Uyghurs -concentration- reeducation camps" -Soldier of the People's army

@nomennescio3677 2 года назад

@@robbieaulia6462 did you ever been in Xinjiang?

@workerworker7961 2 года назад

@@nomennescio3677 Logical fallacy. By same logic you can ask “Did you ever been to concentration camps in Germany?” to someone reading the newspaper in 1945.

@nomennescio3677 2 года назад

@@workerworker7961 you know difference between that two things are i have been in Xinjiang and i didn't see any genocide back in 2019 when i have been there.

@workerworker7961 2 года назад

@@nomennescio3677 Do you know how big Xinjiang is? Have you covered every single area and visited every town, village, city? You show that you have a Westerner mindset: you think that if you visit a town in a region of the world, that you know that region of the world well and can say to anyone “I know everything about that place”.

@dypes26 2 года назад

Jack bought into his own hype and absolutely created his own reality.

@bestintentions6089 2 года назад

Chinese regulations have helped him create it and they have taken it away from him

@vueport99 2 года назад

All Great leaders do this. Look at Steve Jobs. He had his own reality

@Mrbfgray 2 года назад

The CCP cuts down *anyone* who becomes too powerful and says something slightly off the party line. Actresses, RU-vidrs, etc.

@bestintentions6089 2 года назад

@@Mrbfgray and then they will turn around and parade it as more fair than ugh in europe or america, because you know chinese state ego is so fragile.

@Mrbfgray 2 года назад

@T teg Egg Controlling the narrative and (unfortunately effectively) controlling the conclusions common ppl believe...like COVID started in the USA! Apparently the ppl believe that racket.

@justicedemocrat9357 2 года назад

My heart weeps for these mega-billionaires.

@667DOOM 2 года назад

same, so sad. poor billionaires. thats why its always so touching when a super billionaire reaches his dreams.

@tensevo Год назад

The issue is, only the CCP officials are allowed money and power in China.

@phoreal9273 Год назад

love your sense of humor hahahaha

@Imperfectrun 2 года назад

As much as I usually disagree with China's actions, this is a move that had me nodding. Someone has got to go after these rich untouchables.

@tensevo Год назад

Except ma's power and money falls into insignificance compared with the CCP Mafia. It's simply about shutting down political opposition.

@mengwu1113 Год назад

If one company is too powerful in China, it is too high of risk for corruptions and we want to avoid that - in America it is lobbying, which is legal corruption

@tensevo Год назад

@@mengwu1113 then again, we are talking about an unopposed, unelected, ruling elite, so I am sure there is no corruption in China.

@mengwu1113 Год назад

@@tensevo Did I say there was no corruption in china? No, you don't need to put words in other people's mouths. Im reasonable. Where there are humans, there will be corruption.

@zhangspring3314 2 года назад

"Because Alibaba only funded about 2% of these loans, and the rest of those loans were securitized by the state banks, they took on the big risks." Don't you think it should be controlled?

@cryptomorty7290 2 года назад

yup it should be. But because it is not US, these western propaganda machine will sell it like they want.

@KnarfStein 2 года назад

That's one aspect of Ant Group that I absolutely agree with the Chinese financial regulators on, because companies shouldn't be able to have their cake and eat it too. HOWEVER, let's not let one detail of the story obfuscate its overall reporting, which is that the CPC state doesn't like a non-card-carrying individual becoming so powerful.

@rap3208 2 года назад

@@KnarfStein Bull. They encourage everybody to be succesfull. I once read of Deng Xiao Ping saying this, because when one succeeds, you know the saying, "A rising tide lifts all boats"? When a company succeeds, it adds to the betterment of the economy. There is only one the chinese government asks, don't do anything against the government.

@megthornton1371 2 года назад

It sure needs to be controlled We have enough of that in the west. We need a rising tide that lifts all boats We can see the damage by big tech in the west

@TheOne30264 2 года назад

It's the same in every country. If you're rich, you think you can control the country. I guess they shut Jack Ma down in this case. Is this what they called 'unfettered capitalism'?

@yingliren9262 2 года назад

Jack always says he fights for the "small/little" guys, but he really helped a bunch of big guys making big money. He should now practice what he always preaches, and help the little & poor guys in the remote and rural area.

@jukio02 2 года назад

It looks like he has turned around and is now helping poorer rural area people get a leg up. That's noble.

@andybrown6981 Год назад

Some hole digging and planting rice - a bit of labour never hurt anyone.

@MsDebbie0611 2 года назад

He said things that made CCP NOT happy, China is bigger North Korea, you have to act what government wants

@jamesgu2575 3 месяца назад

My brother,he is enjoying life all over the world.

@hpwan2 2 года назад

“Loudest" 😂 how true it is!

@JC-se8mi 2 года назад

12:21 “Jack, if you’re in trouble, blink three times.”

@Wolfeboro152 2 года назад

Jack Ma is the Mark Zuckerberg of China. Those people get what is coming for them.

@davidzhang429 2 года назад

Actually, as a college student, I like that. People always underestimate the harmfulness of unregulated small loaners. some college students, which has happened frequently, do not have the ability to pay for what they spend. So to pay back the loan to Alibaba, they borrow money from loanshark. This really caused many tragedies to happen. After all, those parents are really mad and go to Beijing and blamed on the government, some even did some aggressive reation.

@TheShark447 2 года назад

And putting all the risk on banks too lol recipe for disaster

@AB-dv6ot 2 года назад

Not all of the Mission Impossible was financed by Alibaba, just the recent few. she made it sounded like as if the entire Mission Impossible enterprise was financed by Alibaba.

@user-eh2hj8bx6i 2 года назад

She made it sound like it was 100% financed by Alibaba

@TheD736 2 года назад

The line she said earlier about "the Chinese internet golden age reaching its end" is bizarre. I don't think the Chinese state-run internet has been in a golden age since the government had their internet separated from the rest of the world

@adrianlima2776 2 года назад

@@TheD736 pretty sure they mean internet companies/capitalism, not internet culture or anything like that

@TheD736 2 года назад

@@adrianlima2776 The point gets across, I just find calling any age of the internet in China a golden age to be kinda ironic

@MubashirullahD 2 года назад

"Practically over" that is quite the sweeping statement

@Marcopolo-uj1zg 2 года назад

western media bias exeggeration, china will collapse in xx years, china this china that

@Seankafor 2 года назад

@MrThezous 2 года назад

Typical western media bias. Twenty years ago, internet tech just started, but now monopolies are existent and there’s a need for a better and fair environment. Government intervention to prevent behemoths like Alibaba from stiffening competitions is necessary.

@MillionaireMindsetClub 2 года назад

They literally shut him up...

@abdiganiaden 2 года назад

Lol he probably hung around with other western billionaires and picked up their complaining habits that is not acceptable in China

@bestintentions6089 2 года назад

@@abdiganiaden it is the communist party is unacceptable, illegal junta they are

@thetruthalwaysscary 2 года назад

@@bestintentions6089 lol..China has 800+ billionaires and over 1000 millionaires created daily the last 10 years. This is a huge issue for western powers that they started a media war. Communism China is less communist than any western countries. Reality hurts. In China there is a one party system that is called "communist", but it is a functional Confucianist dictatorship. Go to China travel a little and unless you are blind and deaf you will understand all the BS you are fed from media is just BS.

@scolaclkh5281 2 года назад

Because china doest let powerful rich men control the narrative

@bestintentions6089 2 года назад

@@scolaclkh5281 yes it lets friends of dictators do that , not self made people.

@NichiriCo 4 часа назад

Jack Ma should have moved Alibaba to Taipei before going public 😂😂😂

@qiaowang7147 2 года назад

Wouldn't it be great if the White House talked about and done something with the top billionaires for poverty alleviation for rural America and building infrastructures?

@Radke32 2 года назад

The one-party-China CCCP fines the company for "monopolistic practices"🤣

@r.walcott6239 2 года назад

Are they wrong to do so?

@r.walcott6239 2 года назад

Irony

@jchien 2 года назад

Zinger!

@Andrew36597 2 года назад

@@r.walcott6239 it’s the biggest monopoly in the world telling small companies “hey don’t do that!” Insanely ironic

@j4genius961 2 года назад

@@r.walcott6239 No they aren't, but since they're doing it themselves it's called hypocrisy

@StarCraftBoy100 2 года назад

this reminds me of a saying on a bill board at my work "A government big enough to give you everything is also big enough to take away everything."

@lachlanstanding7386 2 года назад

oh are you afraid the government is going to take away your trillion dollar corporation?

@livetoboardteam 2 года назад

@@lachlanstanding7386 no he’s afraid “ThE g0vErNmEnT g0n tAkE hiS GUnS!!1!”

@HistoriaHumanaDC 2 года назад

"Eu acho que a nossa sociedade é governada por pessoas insanas com objetivos igualmente insanos. Percebi isso quando tinha 12 ou 16 anos. Ao longo do tempo pensei muito sobre isso, mas agora consigo sintetizar isso em uma só frase. Se alguém conseguir escrever num papel o que os governos americano, russo ou chinês estão tentando fazer, quais os seus planos, eu ficaria muito satisfeito em ler. Eu acho que estão todos loucos. E arrisco dizer que vou ser tratado como louco por ter a coragem de dizer isso. Essa é a grande loucura". John Lennon 1968

@singarose950 2 года назад

The lady who said: "This is a watershed moment... " had a fantastic grasp of the whole issue. Sorry her name was not mentioned.

@kalolosene9003 2 года назад

when you thought you can buy the whole country with money, just realized later that money can't buy power...

@ferggusonsamy3479 2 года назад

Money can buy power, it's just that the CCP had more of both over Ma.

@tensevo Год назад

CCP have all the power, they systematically shut down political dissent and opposition.

@adamhill4141 2 года назад

Jake fought the law and the law won

@Seankafor 2 года назад

@BrooksideDriveAptNewportNewsVi 2 года назад

USA should do this to amazon

@vairiadk2516 2 года назад

Like one of my favorite RU-vidrs said, the risks are carried by commercial banks, the benefits gained by Ant group. This ant's creative innovation kills elephants.

@justinkase5260 2 года назад

When you insult the government of a one party system your begging for it when they strike back. That speech really showed them.

@pr0newbie 2 года назад

He most likely knew the PBOC's decision before the speech. Plenty of Chinese financial analysts have alluded to that.

@clocktower1164 2 года назад

It's not about insulting a one party regime. Anyone insulting any government for too long will get squashed, one way or the other ---- even in the United States there are reports of people shooting themselves at the back of their own head, *_3 times_* to "commit suicide".

@j4genius961 2 года назад

@@clocktower1164 There's a difference between exposing secret info and what Jack Ma did, in most democratic countries people are allowed to do that on a regular basis with no repercussions

@santsuma 2 года назад

@@clocktower1164 ... You're definitely knowing how governments function everywhere.

@royalmontpark 2 года назад

Not in this case though. Jack already knew this IPO would be blocked. He gave this speech out of frustration.

@feeltoofree 2 года назад

"Jack, are you there?" Hahahahaha that dude has issues.

@merlimgt3028 2 года назад

@spritemultipack 2 года назад

I mean in fairness to the dude , his bosses sent him all the way to China , need some sort of shot

@haominchen5319 2 года назад

hahahahha exactly… it’s probably their random airbnb apartment unit that’ll eventually be expensed as one of the trip items. I mean can you just knock on Jeff Bezos’ or Zuckerberg’s residence? This is more like a comedy bit.

@leoyu5892 2 года назад

i was expecting to hear "No I'm not"....it would be pleased to see him living in an apartment worse than mine, honestly is there any nut in the world believe this except the producer????

@stevenchai4971 2 года назад

That is why rich people always try to get out the mainland.

@jacknicky943 2 года назад

Jack Ma’s Ant group have to decide whether they are Fintech or Techfin. If it is financial company, it have to come under the Central Bank regulatory guidelines and abide by it, period.

@supremereader7614 2 года назад

I’m the only one who realizes he was breaking existing banking regulations before giving the infamous speech? Isn’t it possible China is simply enforcing its existing rules?

@raymondsyuu5007 2 года назад

Yes, you are right. But that is not what medias want you to realize.

@penguinpingu3807 2 года назад

not giving us the people full information, can be consider as information manipulation

@user-ne1tv3hb2k 2 года назад

Finally someone smart and not just bashing the government.

@misslabellekitty1298 2 года назад

You might be right, but unfortunately it will always seem a bit hypocritical for a one party state to take measures for monopoly practices in a company. Also, so many other billionaires or other celebrities have disappeared. Many suspect Xi himself doesn't want to be overshadowed by anyone at all, and strongly dislikes criticism instead of facing or addressing them. But yeah... Markets do need regulations. whether many of us admit it or not.

@user-ne1tv3hb2k 2 года назад

@@misslabellekitty1298 why do people always blame Xi. Is this a thing? He has to run a country not run for popularity contest. Famous people commit crime too. It’s the police and court they deal with. Not Xi.