26 votes

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

13 comments

  1. [10]
    emdash
    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. [8]
      bloup
      Link Parent
      Off topic, but how shady is the Financial Times subscription pricing, lmao? It's $40 a month, unless you signed up for the $1 four week trial and forgot to cancel. Then it's $68 a month. 😎

      Off topic, but how shady is the Financial Times subscription pricing, lmao? It's $40 a month, unless you signed up for the $1 four week trial and forgot to cancel. Then it's $68 a month. 😎

      11 votes
      1. [7]
        emdash
        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. [6]
          bloup
          Link Parent
          Oh hey look, Financial Times pops up in this Twitter thread, too! I long for the death of for-profit news.
          1 vote
          1. [3]
            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
            1. bloup
              (edited )
              Link Parent
              Subscription news is fine. I am not complaining about subscriptions. You can be non-profit and primarily fund-raise through a subscription model. The problem is when the subscriptions are viewed...

              Subscription news is fine. I am not complaining about subscriptions. You can be non-profit and primarily fund-raise through a subscription model. The problem is when the subscriptions are viewed as a way to turn a profit instead of as a way to sustain the operations of the news service.

              7 votes
            2. Thra11
              Link Parent
              I agree. I also think it's important that we pay for news in some way, because if you're not paying for the news you consume, somebody else is, and the reporting may be biased in favour of their...

              I agree. I also think it's important that we pay for news in some way, because if you're not paying for the news you consume, somebody else is, and the reporting may be biased in favour of their opinions.

              5 votes
          2. [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
            1. bloup
              Link Parent
              I didn't complain about subscriptions. You can have subscriptions and be non-profit... But a non-profit news source would not have any incentive to literally scam the forgetful with predatory...

              I didn't complain about subscriptions. You can have subscriptions and be non-profit... But a non-profit news source would not have any incentive to literally scam the forgetful with predatory pricing schemes.

              Also, I already get most of my news from non-profit sources already, like NPR, PBS, and the BBC, many of which I am already happy to pay for :)

              6 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