26 votes

China CCP to nationalize Jack Ma's Alibaba and Ant Group

8 comments

  1. [5]
    unknown user
    Link
    This of course, conveniently comes after Jack Ma has been missing since October 24.

    This of course, conveniently comes after Jack Ma has been missing since October 24.

    14 votes
    1. guts
      Link Parent
      Really crazy there is no news about his whereabouts.

      Really crazy there is no news about his whereabouts.

      3 votes
    2. [4]
      Comment removed by site admin
      Link Parent
      1. [3]
        unknown user
        Link Parent
        Newspapers can be pretty nasty about their pricing, and they try very hard to keep you locked in by making cancellation as difficult as possible: the NYT requires you to call to cancel your...

        Newspapers can be pretty nasty about their pricing, and they try very hard to keep you locked in by making cancellation as difficult as possible: the NYT requires you to call to cancel your subscription, unless of course, you're in California, because that's illegal there.

        11 votes
        1. [3]
          Comment removed by site admin
          Link Parent
          1. gpl
            Link Parent
            Subscription based news removes a lot of the incentives to editorialize in an effort to drive clicks and engagement. I honestly think we would be better off if more things were subscription based.

            Subscription based news removes a lot of the incentives to editorialize in an effort to drive clicks and engagement. I honestly think we would be better off if more things were subscription based.

            11 votes
          2. nothis
            Link Parent
            You are aware that, realistically, the alternative to subscriptions is not non-profit news but for ads/clicks news. Which is way worse.

            I long for the death of for-profit news.

            You are aware that, realistically, the alternative to subscriptions is not non-profit news but for ads/clicks news. Which is way worse.

            4 votes
  2. MimicSquid
    Link
    Yeah. The monopoly was fine as long as the head of the organization toed the line, but once he voiced criticism, suddenly it's an issue.

    "the administration will be investigating Alibaba ... for suspected monopolistic activities" the government said.

    Yeah. The monopoly was fine as long as the head of the organization toed the line, but once he voiced criticism, suddenly it's an issue.

    6 votes
  3. knocklessmonster
    Link
    I'm curious how this'll work on an international scale. I know China has many foreign-facing nationalized companies an recognize a few with this list, but what happens when it's basically Chinese...

    I'm curious how this'll work on an international scale. I know China has many foreign-facing nationalized companies an recognize a few with this list, but what happens when it's basically Chinese foreign-facing Amazon?

    I'm also curious/concerned about Jack Ma, it would be like Jeff Bezos just disappearing one day.

    4 votes
  4. Kuromantis
    Link
    China punishes anyone who criticizes them regardless of their social class, a true socialist paradise /s Kinda noise, but I've wondered for a while if there was a chance of Chinese corporations...

    China punishes anyone who criticizes them regardless of their social class, a true socialist paradise /s

    Kinda noise, but I've wondered for a while if there was a chance of Chinese corporations becoming more powerful than the government and forcing the CCP to privatize everything, turning China into a more authoritarian South Korea or US. Now I know.

    3 votes