comment: >
  
  German companies. Or any other who wish to enter or keep a foot in the Chinese market.
context: Out of the goodness of his heart. Business schools will study this level of altruism in the future. >
  
  It's what Chairman Mao would've done. >
  
  And his wife of course. >
  
  Wait... Holup! The wife would also have given up the business, or he would have transferred HER to the government and people as their property also? Lol >
  
  You apparently aren’t familiar with Mao’s wife haha >
  
  Which wife? >
  
  Jiang Qing >
  
  That's the good one right? Save millions and advanced the nation? >
  
  sure. except all the death. >
  
  Yes … willingly >
  
  Happens to me all the time, these rash decisions. Last week I gave away my house, just like spur of the moment. /s >
  
  Why the sarcasm? The kidnappers returned your children after you gave up the house, right? They even gave back some parts before you agreed. So all is well that ends well. Just don't forget to freely give up your car out of the goodness of your heart this week, cause your wife is really looking forward to seeing you again...
  /s >
  
  This is the best tl;dr I could make, original reduced by 81%. (I'm a bot)
  
  
  Following a Communist party crackdown on the nation's digital sector that singled out the flamboyant billionaire, Jack Ma will relinquish control of Chinese fintech giant Ant Group, the company stated.
  No shareholder, alone or in partnership with other parties, will have influence over Ant Group, according to a statement released by his company on Saturday.
  The notice outlined the company's previous complicated organisational structure and stated that Ant was the "Control person" because Ma indirectly owned 53.46% of the shares.
  
  
  Extended Summary | FAQ | Feedback | Top keywords: Ant^#1 billion^#2 company^#3 yuan^#4 Alibaba^#5 >
  
  No Shareholder, alone or in partnership with other parties....
  So CCP hostile takeover >
  
  Not really, CCP just assuming direct control. 
  If you think Jack Ma was self made billionaire and not just face for CCP money I have a brand new bridge to sell to you. :P >
  
  Why would a CCP-endorsed billionaire bash the CCP? >
  
  Because the CCP moved the goal posts of what's considered criticism. >
  
  If I remember correctly, he tried to go public with his fintech company, but mislead the regulators that it was mainly a technology based company, not a financial company, which would mean more regulations. The national regulators put a stop to that and he opened his mouth to bitch about it, which got him on the shit list.
  A positive to all of this is that the 996 policy, something he advocated as good for the tech/software industry, was ruled as violating labor laws. >
  
  996 still happens mate. Chinese 'laws' are just suggestions. No good has come of this. >
  
  This is the best tl;dr I could make, original reduced by 81%. (I'm a bot)
  
  
  Following a Communist party crackdown on the nation's digital sector that singled out the flamboyant billionaire, Jack Ma will relinquish control of Chinese fintech giant Ant Group, the company stated.
  No shareholder, alone or in partnership with other parties, will have influence over Ant Group, according to a statement released by his company on Saturday.
  The notice outlined the company's previous complicated organisational structure and stated that Ant was the "Control person" because Ma indirectly owned 53.46% of the shares.
  
  
  Extended Summary | FAQ | Feedback | Top keywords: Ant^#1 billion^#2 company^#3 yuan^#4 Alibaba^#5 >
  
  Wonder if he's learned his lesson yet? >
  
  Who’s going to invest in China besides the Chinese gov’t. Good job Xi making China uninvestable