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[사진 출처 = 마윈공익기금회]Alibaba’s founder Ma-win, who had gone missing, appeared and showed good health after three months, but the Chinese authorities soon announced new sanctions and pressed for pressure.
The Financial Times (FT) reported that the day before the 21st (local time), the People’s Bank of China’s central bank announced a new antitrust law targeting Ant Group, a fintech subsidiary of Alibaba.
The sanctions came out a few hours after Ma’s return.
With the advent of Ma Yun, Alibaba shares surged more than 9% in the Hong Kong stock market, but fell more than 3% after reversing the decline below the regulatory announcement.
According to the draft sanctions, the Chinese Market Regulatory Authority could recommend dismantling’non-bank settlement companies’ that occupy more than half of the market, or companies with a market share of 67% or more.
Experts analyzed that the draft was aimed at Ant Group’s electronic payment platform Alipay.
Some experts said it was a full-fledged pressure from China to dismantle Ant Group.
In fact, Alipay is the No. 1 payment platform in the Chinese market, used by 1 billion people worldwide. Currently, Alipay accounts for about 55% of the Chinese mobile payment market.
According to this draft, Alipay could be dismantled by the Chinese market regulator.
At a forum held in Shanghai at the end of October last year, Ma Yun criticized China’s financial regulation as a “pawn shop,” and is under intensive checks by the authorities. At the order of President Xi Jinping, the Ant Group’s IPO was postponed, and the Chinese authorities have continued to raise the level of regulation on the Alibaba Group on the basis of antitrust and financial risk prevention.
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