First Jack Ma steps down and now China is sending government officials into companies like Alibaba

Discussion in 'Wall St. News' started by noddyboy, Sep 24, 2019.


  1. that is part of the story. that he was able to be admitted to qinghua university and later on climbed to the highest position, is due to his family background. there was no college admission entrance test at that time.
     
    #11     Sep 25, 2019
  2. You definitely did not grow up in a communist country. How I know that? No comment, I just know. Education is part of the success ingredient. But if MIT students truly think they get better training than those who study at the Moscow Institute of Physics and Technology or a number technical unis in Germany or Tsinghua then they are simply uninformed.

     
    #12     Sep 25, 2019
  3. alfa8

    alfa8

    Nothing new here, US is all over big tech companies; google, microsoft, apple etc
     
    #13     Sep 28, 2019
  4. Cuddles

    Cuddles

    yeah, no.

    Not a fan of what Xi is doing here. Quickest way to kill a company, especially tech, is to put your loyalists with a hard on for power and "sense of duty" in these positions. China going full "nationalizing of industry" will result in another Soviet downfall.
     
    #14     Sep 28, 2019
    yc47ib and themickey like this.
  5. ironchef

    ironchef

    This may very well be the beginning of the end of China to become the world's #1 tech dominant country. Innovation cannot be dictated or planned by bureaucrats.

    Deng Xiaoping created the modern China of today not by controlling or planning the economy but by opening up to market economy and unleashed the innovative power of the Chinese people. Of course there were a lot of copying, legal or otherwise, but you still need smart to copy.
     
    #15     Sep 29, 2019
  6. agreed
     
    #16     Sep 29, 2019
  7. Cuddles

    Cuddles

    ugh...

    https://www.cnbc.com/2019/10/08/hou...-de-lists-products-broadcasters-cut-ties.html

    Alibaba shopping sites appear to have de-listed Houston Rockets products in China

    • Searches for “Houston Rockets” and “Rockets” in Chinese on Alibaba-owned Taobao and Tmall and another site JD.com, yielded no results.
    • It comes after Rockets general manager Daryl Morey tweeted support for the anti-government protestors in Hong Kong. The tweet was quickly deleted.
    • Chinese broadcast partners Tencent and state-owned CCTV said they would no longer show Rockets games.
     
    #17     Oct 8, 2019