First Jack Ma steps down and now China is sending government officials into companies like Alibaba

Here4money said:
In 1963, when Xi was age 10, his father was purged from the Party and sent to work in a factory in Luoyang, Henan.[41] Later, his mother was forced to publicly denounce his father, as he was paraded before a crowd as an enemy of the revolution. His father was later thrown into prison in 1968 when Xi was aged 15 and would not see his father again until 1972.\

Xi joined the Communist Youth League of China in 1971. From 1973, he applied to join the Communist Party of China 10 times and was finally accepted on his tenth attempt in 1974.


That's some political profile
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that is part of the story. that he was able to be admitted to qinghua university and later on climbed to the highest position, is due to his family background. there was no college admission entrance test at that time.
 
You definitely did not grow up in a communist country. How I know that? No comment, I just know. Education is part of the success ingredient. But if MIT students truly think they get better training than those who study at the Moscow Institute of Physics and Technology or a number technical unis in Germany or Tsinghua then they are simply uninformed.

BlueWaterSailor said:
As someone who grew up in a socialist country, I can assure you that his "degrees" mean less than an ant fart in a Cat 5 hurricane. Proper comrades must have a proper education, therefore the proper university will issue them the proper diploma (Marxist theory is perfectly sufficient to grant you all knowledge for all things worth knowing. If you don't believe it, try arguing the point with one of their authorities - especially if you're a local.)
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alfa8 said:
Nothing new here, US is all over big tech companies; google, microsoft, apple etc
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yeah, no.

Not a fan of what Xi is doing here. Quickest way to kill a company, especially tech, is to put your loyalists with a hard on for power and "sense of duty" in these positions. China going full "nationalizing of industry" will result in another Soviet downfall.
 
This may very well be the beginning of the end of China to become the world's #1 tech dominant country. Innovation cannot be dictated or planned by bureaucrats.

Deng Xiaoping created the modern China of today not by controlling or planning the economy but by opening up to market economy and unleashed the innovative power of the Chinese people. Of course there were a lot of copying, legal or otherwise, but you still need smart to copy.
 
ironchef said:
This may very well be the beginning of the end of China to become the world's #1 tech dominant country. Innovation cannot be dictated or planned by bureaucrats.

Deng Xiaoping created the modern China of today not by controlling or planning the economy but by opening up to market economy and unleashed the innovative power of the Chinese people. Of course there were a lot of copying, legal or otherwise, but you still need smart to copy.
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agreed
 
ugh...

https://www.cnbc.com/2019/10/08/hou...-de-lists-products-broadcasters-cut-ties.html

Alibaba shopping sites appear to have de-listed Houston Rockets products in China

  • Searches for “Houston Rockets” and “Rockets” in Chinese on Alibaba-owned Taobao and Tmall and another site JD.com, yielded no results.
  • It comes after Rockets general manager Daryl Morey tweeted support for the anti-government protestors in Hong Kong. The tweet was quickly deleted.
  • Chinese broadcast partners Tencent and state-owned CCTV said they would no longer show Rockets games.
 
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