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A comment on Xi Jinping personally halted Ant's IPO after Jack Ma snubbed government leaders. Parent comment

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by baybal2 on Friday November 13, 2020 @02:14PM (#25086185)
> Contrary to what most people I know think, I think Xi Jinping and company are really scared.

Contrary to what most people think, I think Xi Jinping and company are really scared, but not for the reason you mention.

Xi is said to be very afraid of Shanghai clique, and this is the reason they are still around, and not crushed like everybody else.

Who owns Ant? Speculations are that a number of people from the Shanghai clique are, with the biggest one being public knowledge: grandson of Jiang Zemin got Ant's shares for noticeably less than market price.

I believe, this explains why this case was handled remarkably tactfully, and why Ma still walks in one piece. Anybody else would've been disappeared the same day for much less in today's China.

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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by specialist on Friday November 13, 2020 @02:21PM (#25086262)
> I think Xi Jinping and company are really scared

I just assume Xi Zinping is Andy Grove style paranoid. Isn't that how power works? If it wasn't the Shanghai clique, it'd be 5 other aspirants.

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