Colour me paranoid.. but I think I'm a realist.
From China's point of view, the creation (and concentration) of (large amounts) of wealth in the hands of individuals, leads to the concentration of power. That power in turn, becomes a threat to the current approach of the CCP, and the messages being shared with society.
In 2019, China began working with PWC in an effort to repatriate, or at least dual-list IPOs, in either Shanghai (Star) or Hong Kong. DIDI publicly want against that goal - by single-listing on the Nasdaq.
By accruing a massive amount of wealth, and freedoms, Ma began to become a thorn in the side of the CCP. It's one thing to have (direct) access to finances, it's another to disparage the state-run financial system. But it's still another to control purchase platforms, chat platforms, and the next-generation of educated, technology executives. This is where he was.
Ma has been silenced, the threat has been eliminated. The CCP has proven, once again that they are adept at addressing both the internal and external threat to their perceived stability.
From China's point of view, the creation (and concentration) of (large amounts) of wealth in the hands of individuals, leads to the concentration of power. That power in turn, becomes a threat to the current approach of the CCP, and the messages being shared with society.
In 2019, China began working with PWC in an effort to repatriate, or at least dual-list IPOs, in either Shanghai (Star) or Hong Kong. DIDI publicly want against that goal - by single-listing on the Nasdaq.
By accruing a massive amount of wealth, and freedoms, Ma began to become a thorn in the side of the CCP. It's one thing to have (direct) access to finances, it's another to disparage the state-run financial system. But it's still another to control purchase platforms, chat platforms, and the next-generation of educated, technology executives. This is where he was.
Ma has been silenced, the threat has been eliminated. The CCP has proven, once again that they are adept at addressing both the internal and external threat to their perceived stability.