[뉴스토마토 백주아 기자] Ma Yun, the founder of Alibaba, the world’s largest e-commerce company, which has been a target of the Communist Party by criticizing Chinese financial authorities, continues. When the Chinese government notified that the payment business, which is the parent of Alibaba’s fintech company Ant Group, should be left behind and the rest of the business was organized, the company was in danger of being decomposed in the air. Ant Group has expressed its position to strictly follow the directions of the authorities.
Ant Group mascot ant installed in the Hong Kong branch office of Ant Group on October 23rd. Photo/Newsis
In a statement posted on the official WeChat on the 28th, Ant Group said, “The previous day, the group held a joint reservation interview with the financial authorities.” “The group formed a corrective work team according to the instructions of the management agency, and fully satisfied the requirements raised in the interview. And to standardize financial business management and development.”
It is reported that the Chinese authorities have demanded that Ant Group stop selling financial products such as loans and insurance while only in charge of its natural task of’providing payment services’. Although it was not directly ordered to dismantle or divide the company, it is interpreted as the will of the government to be deeply involved in the management of private private companies as it requested business reorganization.
According to Reuters on the day, four organizations, including the People’s Bank of China, the Bank Insurance Supervisory Commission, the Securities Supervisory Commission, and the Foreign Exchange Administration, held a reservation interview with Ant Group executives the day before. The largest shareholder of Ant Group is Ma Yun.
The appointment interview, called’witan’ in Chinese, is in the form of an interview, but in fact, it has a strong precautionary warning and reprimand. This is the second time that the Chinese government held a reservation interview for Ant Group, following the 2nd of last month.
In a press release distributed the day before, the vice president of the People’s Bank of Pangoongseong said, “Ant Group pursued profits by violating relevant laws and regulations, used its market advantage to ostracize its peers, damaged consumers’ legitimate rights and interests, and consumers sued the group It caused problems, such as that,” he criticized.
The Chinese Communist Party’s all-round pressure on Ma Yun continued for two months. In a public lecture in October, Ma Yun publicly criticized the Chinese government’s financial policy as “a pawn shop operation,” saying that it is regulation-oriented. Since then, Chinese authorities also rejected Ant Group’s IPO in Hong Kong and Shanghai on the 3rd of last month. Also, starting on the 24th, it started an all-round’Ma-win prison crime’, such as starting an investigation into Alibaba’s antitrust behavior.
Alibaba’s stock price, listed on the New York Stock Exchange on the 24th (local time), plunged 13.34%. This was the largest drop in US listing cases in 2014, and Alibaba listed in Hong Kong also fell 8.13%. Alibaba-related owner Ali Health also ended a sharp decline of 10.92% on the same day.
Reporter Baek Jua [email protected]
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