Businessmen in China are treading lightly around the Chinese Communist Party.
Recently, TikTok parent company ByteDance came under scrutiny for its loyalty to the CCP.
But in an interview with the New York Times, TikTok’s CEO said his program has not disclosed any information to China.
The case of Alibaba’s former CEO reveals the consequences of rejecting the CCP.
Jack Ma was set to be one of the richest men in China. The business magnate is known for his technology conglomerate Alibaba, but all that glory went down the drain after a controversial speech.
In front of a group of prominent figures, he pointed a finger at the Chinese financial system.
In 2020, Ma faced an anti-trust investigation from Chinese regulators and lost $12 billion over the course of a few months.