China Is Cracking Down On Jack Ma Because He Cracked Its Financial Code

Jack Ma reemerges after a hibernation of three months; struggles to find footing again. With regulators on the driver seat of the Chinese banking system there lies a tough path ahead for Ma’s Ant Group.

Jack Ma’s Fight With Regulators Is A Watershed Moment For China Inc.

Chinese authorities are wary of a shift in people’s choice for loans — from government-controlled commercial banks to private entities like Ant Group.