Comment by michaelt
9 hours ago
Apparently, this: https://interconnected.blog/jack-ma-bund-finance-summit-spee...
To my western ears, the speech doesn't seem all that shocking. Over here it's normal for the CEOs of financial services companies to argue they should be subject to fewer regulations, for 'innovation' and 'growth' (but they still want the taxpayer to bail them out when they gamble and lose).
I don't know if that stuff is just not allowed in China, or if there was other stuff going on too.
He was also being widely ridiculed in the west over this interaction with Elon Musk in August 2019, back when Elon was still kinda widely popular.
https://www.youtube.com/watch?v=f3lUEnMaiAU
"I call AI Alibaba Intelligence", etc. (Yeah, I know, Apple stole that one.)
Reddit moment:
"When Elon Musk realised China's richest man is an idiot ( Jack Ma )"
https://www.reddit.com/r/videos/comments/cy40bc/when_elon_mu...
I can see the extended loss of face of China (real or perceived) at the time being a factor.
Edit: So, after posting a couple of admittedly quite anti CCP comments here, let's just say I realize why a lot of people are using throwaway accounts to do so.