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anon902503 t1_iybvjnj wrote

Sorry, what was his sin that caused the regime to turn on him?

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homo_balcanicus t1_iyc08hy wrote

He tried to do subprime mortgages, which happen to be the cause of the 2008 economic crisis in the US, and the government wasn't very amused by this idea. He is also the main proponent of the 996 system (having workers work from 9AM to 9PM for 6 days a week) which is not very popular among the common chinese, so cracking down on him would be popular with the public.

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code_archeologist t1_iybwdxx wrote

Ma's FinTech company Ant Group (which is funded by his Alibaba fortune) is a direct challenge to the CCPs centralized hold on the nation's capital. So they are cracking down on him and trying to seize his assets.

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