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中國首富為保命,砸光3000億? 馬雲落難內幕曝光: 他究竟怎麼得罪了那個人?

Jack Ma’s fall from grace and involvement in a high-profile extradition case reveal the political risks faced by China’s richest man.

Key Takeaways

  • Jack Ma’s involvement in Huang Youlong’s case exposed political pressures and contributed to the rejection of China’s extradition request.
  • The halting of Ant Group’s IPO was a critical blow that led to Jack Ma’s loss of wealth and influence.
  • Jack Ma’s fall demonstrates the risks Chinese entrepreneurs face when crossing political lines.
  • Despite his global stature, Jack Ma was unable to protect himself from government crackdown.
  • The case highlights the use of legal systems and political influence in international business disputes.

What the video covers

  • In July 2021, a French court heard an extradition case involving Huang Youlong, with Jack Ma unexpectedly playing a key role via a phone recording.
  • Jack Ma, once China’s richest man, was forced to intervene under pressure from powerful Chinese authorities to persuade Huang Youlong to return to China.
  • The phone recording revealed Jack Ma’s helplessness and the political motivations behind the extradition request, leading the French court to reject it.
  • Jack Ma’s troubles coincided with the abrupt halting of Ant Group’s IPO, causing massive financial losses and loss of control over the company.
  • At his peak, Jack Ma was a global business icon, outshining figures like Elon Musk and commanding huge influence and admiration.
  • The reversal of fortunes between Jack Ma and Elon Musk highlights the dramatic fall of Ma from global prominence.
  • Jack Ma’s call to Huang Youlong was meant to protect himself amid an anti-monopoly crackdown on Alibaba and government pressure.
  • Despite attempts to reconcile by writing a humble letter to Xi Jinping, Jack Ma remains sidelined and politically vulnerable.
  • The video explores the deeper reasons behind Jack Ma’s downfall, beyond the widely cited 2020 Bund Summit speech.
  • The story illustrates the complex interplay of business, politics, and power in contemporary China.

Answers

Questions about this video

Why did Jack Ma get involved in Huang Youlong’s extradition case?

Jack Ma was pressured by powerful Chinese authorities to persuade Huang Youlong to return to China, as revealed in a phone recording played in a French court.

What caused Jack Ma’s sudden fall from being China’s richest man?

The abrupt halting of Ant Group’s IPO, massive financial losses, and a government anti-monopoly crackdown led to Jack Ma’s loss of wealth and influence.

Did Jack Ma manage to reconcile with Chinese leadership after his troubles?

Jack Ma wrote a humble letter to Xi Jinping expressing remorse and willingness to focus on rural education, but he remains politically sidelined with no clear forgiveness.

Full Transcript — Download SRT & Markdown

00:00
Speaker A
I personally don't think you have any other options. If you don't come back now, he will definitely handle this privately. Some things don't need me to say; you know it in your heart. It's best to reach out in these next two days, alright, that's it. In July 2021, the French Court of Appeal was hearing a special extradition case: China was demanding that France hand over Huang Youlong, the husband of the red-listed wealthy businesswoman Zhao Wei. But no one expected that his defense lawyer would play a phone recording in court, and the voice on the other end was none other than Jack Ma, China's richest man who had been missing for months. Why would he, as a leader of the Chinese business world, step into this mess and personally act as a lobbyist for a wanted man? In the recording, Jack Ma spoke with a trace of helplessness, revealing the truth.
00:10
Speaker A
They came directly to me and said that in this current situation, I might be the only one you'd actually listen to.
00:21
Speaker A
It turns out Jack Ma was just acting under orders. Because at that time, he was deep in his own trouble, and to settle it, he had poured over 300 billion RMB into it, and that was just the official fines and the so-called "donations" for his own safety. What really hurt him was when Ant Group's IPO was abruptly halted just 48 hours before it was set to launch, causing its valuation to plummet by three-quarters and 3 trillion RMB in wealth to vanish into thin air. Even worse, Jack Ma lost control of Ant Group entirely. The once globally renowned richest man in China was brought down to earth just like that.
00:31
Speaker A
To understand how hard Jack Ma fell, you first have to look at how high he once stood. What best represents his peak is that 2019 "Talk between the two Mas" that shook the world. Jack Ma appeared extremely arrogant, because at that point, both in terms of net worth and reputation, he fully outclassed Musk. And for those few years, Jack Ma was laughing and chatting with business and political titans worldwide, meeting presidents today and lecturing at the World Economic Forum tomorrow. On a whim, he even made a movie, where international stars like Jet Li, Donnie Yen, and Wu Jing all scrambled to play supporting roles for him. Even more exaggerated was the Alibaba annual meeting, where 40,000 employees screamed for Jack Ma as he rode a heavy motorcycle, wearing a cool mask, and danced like Michael Jackson in the center of the stage. The atmosphere in that venue was like they were creating a god. It could be said that Jack Ma at that time had expanded to the extreme.
00:36
Speaker A
So when we look back at that talk between the two Mas, he even openly mocked Musk's dream of Mars on the spot. Yes, Musk’s face was ashen, and he was incredibly embarrassed. But thinking that just two years later, the positions of these two men had completely reversed—Musk soared to become the world’s richest man, while Jack Ma suddenly vanished overnight. In 2011, at a public event, Musk was asked about the nature of Chinese tech entrepreneurs; he pursed his lips in front of everyone and asked, "Where is Dr. Jack?" This remark served to settle the score for the humiliation he suffered when Jack Ma stepped all over him at that forum in Shanghai years ago. To talk about how miserable Jack Ma was back then, we must go back to the beginning of the story, to the phone recording played in a French court during the trial of the Sun Lijun case.
00:41
Speaker A
In 2021, the moment Huang Youlong stepped off his private jet, he was detained by French police. The Chinese government accused him of being involved in a money laundering case exceeding 600 million yuan and requested his extradition from France.
00:55
Speaker A
At the critical moment when Huang Youlong was about to be extradited, his lawyer submitted a phone recording to the court, in which Jack Ma bluntly told Huang, "I don’t think you have any other choice; if you don’t come back now, they will definitely go after you." He said that powerful figures from relevant departments had approached him, demanding he persuade Huang Youlong to return to China immediately.
01:08
Speaker A
Huang’s first reaction was to ask, "Did they come to you?" Jack Ma replied.
01:18
Speaker A
"They came to me directly, saying that in this situation, maybe you’d listen to a few things if I were the one saying them." Huang Youlong immediately pressed Jack Ma, "Did they personally guarantee this to you?" Jack Ma’s answer was, "I don’t know about guarantees, but either way, you have no other path." "I personally think you have no other choice; they are offering you this policy now, but if you don't return, they will certainly go after you." Simply put, Jack Ma was in a difficult position himself. To protect himself, he had to bite the bullet and call a long-time friend. Ironically, this recording ended up saving Huang Youlong, becoming the evidence for the French court to reject China's extradition request. Why was that? Because in the recording, Jack Ma inadvertently revealed that while China officially cited a money laundering case, the real underlying intention was to force him back to testify as a tainted witness in the Sun Lijun case. "Some things don't need me to say—you understand in your heart that you aren't the target; they are after Sun Lijun, not you." "You understand the gravity of the situation, right? It would be best if I get a word back these two days. Alright, that’s it." Upon hearing this, the French court concluded, "Isn't this just politically motivated?" Therefore, it was immediately determined that Huang Yonglong would face the risk of political persecution if he returned to China, and the extradition request from China was rejected in court. Now, Huang Yonglong is off the hook, but Jack Ma is in an even more awkward position. One must realize that the point at which Jack Ma was forced to make this call was right at the height of the anti-monopoly investigation into Alibaba. Having experienced various summons himself, he was already like a Bodhisattva crossing a river, barely able to save himself. He forced himself to make those calls, originally hoping it would be a chance to cooperate with the government and earn merit to offset his faults, but who would have thought that by being quick-tongued and revealing the high-level authorities' true intentions, he would instead mess everything up. It seems this doomed Jack Ma to no possibility of a comeback, because his opponent, the one truly in charge and pulling the strings behind the scenes, was none other than China’s top leader, Xi Jinping. Under such extreme fear, he began frantically leveraging his connections, trying to request meetings with those in Xi Jinping’s inner circle. As it turned out, no one was willing to see him; everyone stayed far away. Completely at his wit's end, Jack Ma ultimately had no choice but to write a personal letter to Xi Jinping and submit it. In the letter, he displayed an extremely low profile, not only expressing a deep reflection on his past actions but also clearly stating his willingness to dedicate the rest of his life to rural education and poverty alleviation in China. Just like that, that once arrogant and flamboyant Jack Ma, who had been placed on a pedestal by countless people, finally realized after being struck by the General Secretary’s iron fist that he could only end up as a rural poverty-alleviation teacher. Now, you might be curious whether the General Secretary ever saw this letter. Of course he did; at an internal high-level meeting in May 2021, the General Secretary even publicly mentioned the letter. As for whether the General Secretary forgave him, that is a different matter. Before answering this question, we must first figure out how exactly Jack Ma offended so many people. Everyone thinks Jack Ma suffered this disaster solely because of that speech at the 2020 Bund Summit, where he scolded the regulators. To be fair, this argument sounds quite reasonable, but if everyone really thinks that, it’s just too simplistic. His remarks at th
01:30
Speaker A
that point, both in terms of net worth and reputation, he fully outclassed Musk. And for those few years, Jack Ma was laughing and chatting with business and political titans worldwide, meeting presidents today and lecturing at the World Economic Forum tomorrow. On a
01:43
Speaker A
whim, he even made a movie, where international stars like Jet Li, Donnie Yen, and Wu Jing all scrambled to play supporting roles for him. Even more exaggerated was the Alibaba annual meeting, where 40,000 employees screamed for Jack Ma as he rode a heavy
01:56
Speaker A
motorcycle, wearing a cool mask, and danced like Michael Jackson in the center of the stage. The atmosphere in that venue was like they were creating a god. It could be said that Jack Ma at that time had expanded to the extreme.
02:10
Speaker A
So when we look back at that talk between the two Mas, he even openly mocked Musk's dream of Mars on the spot . Yes, Musk’s face was ashen, and he was incredibly embarrassed. But thinking that just two years later, the
02:25
Speaker A
positions of these two men had completely reversed—Musk soared to become the world’s richest man, while Jack Ma suddenly vanished overnight. In 2011, at a public event, Musk was asked about the nature of Chinese tech entrepreneurs; he pursed his lips in
02:42
Speaker A
front of everyone and asked, "Where is Dr. Jack?" This remark served to settle the score for the humiliation he suffered when Jack Ma stepped all over him at that forum in Shanghai years ago . To talk about how miserable Jack Ma
03:00
Speaker A
was back then, we must go back to the beginning of the story, to the phone recording played in a French court during the trial of the Sun Lijun case.
03:07
Speaker A
In 2021, the moment Huang Youlong stepped off his private jet, he was detained by French police. The Chinese government accused him of being involved in a money laundering case exceeding 600 million yuan and requested his extradition from France.
03:18
Speaker A
At the critical moment when Huang Youlong was about to be extradited, his lawyer submitted a phone recording to the court, in which Jack Ma bluntly told Huang, " I don’t think you have any other choice; if you don’t come back now,
03:29
Speaker A
they will definitely go after you." He said that powerful figures from relevant departments had approached him , demanding he persuade Huang Youlong to return to China immediately.
03:36
Speaker A
Huang’s first reaction was to ask, " Did they come to you?" Jack Ma replied.
03:40
Speaker A
"They came to me directly, saying that in this situation, maybe you’d listen to a few things if I were the one saying them." Huang Youlong immediately pressed Jack Ma, "Did they personally guarantee this to you?" Jack Ma’s answer was, "I
03:50
Speaker A
don’t know about guarantees, but either way, you have no other path."" I personally think you have no other choice; they are offering you this policy now, but if you don't return, they will certainly go after you." Simply put, Jack Ma was in a difficult
04:01
Speaker A
position himself. To protect himself, he had to bite the bullet and call a long-time friend. Ironically, this recording ended up saving Huang Youlong , becoming the evidence for the French court to reject China's extradition request. Why was that? Because in the
04:13
Speaker A
recording, Jack Ma inadvertently revealed that while China officially cited a money laundering case, the real underlying intention was to force him back to testify as a tainted witness in the Sun Lijun case. "Some things don't need me to say—you understand in your
04:24
Speaker A
heart that you aren't the target; they are after Sun Lijun, not you.""You understand the gravity of the situation , right? It would be best if I get a word back these two days. Alright, that’s it." Upon hearing this, the French court
04:35
Speaker A
concluded, "Isn't this just politically motivated?" Therefore, it was immediately determined that Huang Yonglong would face the risk of political persecution if he returned to China, and the extradition request from China was rejected in court. Now, Huang Yonglong is off the hook, but Jack Ma
04:45
Speaker A
is in an even more awkward position. One must realize that the point at which Jack Ma was forced to make this call was right at the height of the anti-monopoly investigation into Alibaba. Having experienced various summons himself, he was already like a
04:54
Speaker A
Bodhisattva crossing a river, barely able to save himself. He forced himself to make those calls, originally hoping it would be a chance to cooperate with the government and earn merit to offset his faults, but who would have thought
05:02
Speaker A
that by being quick-tongued and revealing the high-level authorities ' true intentions, he would instead mess everything up. It seems this doomed Jack Ma to no possibility of a comeback , because his opponent, the one truly in charge and pulling the strings
05:13
Speaker A
behind the scenes, was none other than China’s top leader, Xi Jinping. Under such extreme fear, he began frantically leveraging his connections, trying to request meetings with those in Xi Jinping’s inner circle. As it turned out, no one was willing to see him;
05:26
Speaker A
everyone stayed far away. Completely at his wit's end, Jack Ma ultimately had no choice but to write a personal letter to Xi Jinping and submit it. In the letter, he displayed an extremely low profile, not only expressing a deep
05:36
Speaker A
reflection on his past actions but also clearly stating his willingness to dedicate the rest of his life to rural education and poverty alleviation in China. Just like that, that once arrogant and flamboyant Jack Ma, who had been placed on a pedestal by
05:47
Speaker A
countless people, finally realized after being struck by the General Secretary’s iron fist that he could only end up as a rural poverty-alleviation teacher. Now, you might be curious whether the General Secretary ever saw this letter. Of course he did; at an internal
05:58
Speaker A
high-level meeting in May 2021, the General Secretary even publicly mentioned the letter. As for whether the General Secretary forgave him, that is a different matter. Before answering this question, we must first figure out how exactly Jack Ma offended so many
06:11
Speaker A
people. Everyone thinks Jack Ma suffered this disaster solely because of that speech at the 2020 Bund Summit, where he scolded the regulators. To be fair, this argument sounds quite reasonable, but if everyone really thinks that, it’s just too simplistic
06:24
Speaker A
. His remarks at the Bund were at best just a fuse; in reality, the General Secretary’s dissatisfaction with Jack Ma’s arrogance had been brewing for a long time. Let’s go back to September 2015, when Xi Jinping visited the
06:34
Speaker A
United States and attended a China-US business leaders' symposium in Seattle. At a top-tier political and diplomatic event like this, every entrepreneur's speaking time was strictly limited to about three minutes, and everyone followed the rules by reading their scripts and leaving. However, Jack Ma,
06:47
Speaker A
once he started, spoke incessantly and went on for nearly ten minutes; Xi Jinping’s expression turned sour right there on the spot. You should know who the real lead is at this level of conference, but Jack Ma went on
06:58
Speaker A
stage and actually made the General Secretary his background. Even worse, the General Secretary's displeasure with Ma wasn't just about his ego. In August 2017, Hong Kong Chief Executive Carrie Lam visited Alibaba's headquarters in Hangzhou. As the two were deep in conversation, Ma suddenly
07:13
Speaker A
remarked. If we at Alibaba had a "one country, two systems" policy here in Hangzhou, we can't even imagine what we could achieve. Perhaps he only intended to ask for better policies and more autonomy for the Zhejiang business community, but to the General
07:25
Speaker A
Secretary's ears, this was a clear overstep. Thus, another entry was added to the General Secretary's blacklist, yet the overconfident Ma remained completely unaware of the danger.
07:35
Speaker A
Instead, he grew even bolder. In 2017, Ma reached the most radical—and infuriating—highlight of his career.
07:44
Speaker A
In January of that year, Trump had just taken office as U.S. President. China and the U.S. were still testing the waters, and even the General Secretary hadn't formally met Trump yet, but Ma took his private jet to Trump Tower and
07:56
Speaker A
met with him first. When speaking to reporters downstairs after their talk, Ma proudly declared to cameras around the world, "Alibaba will help create one million jobs in the U.S. over the next five years." This statement left Trump beaming with joy. Anyone unaware
08:09
Speaker A
would have thought Ma was an envoy sent by Xi Jinping. But the problem was, Beijing had no idea that Ma was going to see Trump. The General Secretary only found out that Ma had already finished his meeting after seeing it on
08:20
Speaker A
the live TV news. From Ma's perspective , he was one of the world's richest men ; what was the problem with him discussing business? But in the eyes of the General Secretary, as the head of the nation, I am arranging diplomatic
08:32
Speaker A
channels, so why does a mere businessman have the right to bypass the Ministry of Foreign Affairs and run off to the U.S. to negotiate 1 million jobs with the President? Simply put: he was stealing the spotlight. "Stealing the spotlight" is an understatement; it
08:46
Speaker A
was an act of insubordination. And so, Ma was fiercely noted down once again in Xi Jinping's little black book.
08:53
Speaker A
Looking back, if Ma had known his place and kept a low profile, perhaps the story wouldn't have ended so tragically . But during those years, the money, resources, and influence in his hands made it impossible for him to be
09:05
Speaker A
low-key. In business, Jack Ma controlled Taobao, Tmall, Alipay, Alibaba Cloud, and Cainiao Logistics, later adding Ant Financial. In terms of public opinion, Alibaba's capital aggressively invested in major media outlets, financial news, Youku, and the South China Morning Post. At the time,
09:21
Speaker A
people were saying that Alibaba was buying up half of China's media landscape. Moreover, Jack Ma wasn't satisfied with just being a rich man; he wanted to be a spiritual godfather.
09:30
Speaker A
He founded Hupan University, recruited a large group of entrepreneurs, and traveled everywhere giving speeches about his mission, values, and the future. A crowd of top entrepreneurs would respectfully call him "Teacher" and treat his boasts as gospel. Over time, Jack Ma even developed his own
09:43
Speaker A
ideological system. In the eyes of Xi Jinping, this was just like him trying to emulate the "Xi Jinping Thought" by creating a "Jack Ma Thought." And it didn't end there; Jack Ma touched the red line he shouldn't have, and the
09:55
Speaker A
General Secretary became determined to take him down. Let's rewind to 2018. At that time, Ant Financial had completed its final round of pre-IPO financing. A single move raised $ 14 billion, shocking the global private equity world. But what was truly terrifying
10:09
Speaker A
wasn't just the amount of money; it was the shareholders behind it—all powerful figures with intimidating backgrounds. It included Jiang Zemin's grandson, Jiang Zhicheng's Boyu Capital ; Jia Qinglin's daughter and Li Botan's Zhaode Investment; financial magnate Liu Zutao's Chunhua Capital; as well as
10:23
Speaker A
the family interests of former Zhejiang leader Zhou Jiangyong. In other words, by that time, Ant was no longer just a company, but a massive interest bloc that combined state capital, international capital, old-guard elites , and local power brokers. And the most
10:36
Speaker A
critical point was that there was absolutely no sign of the interests of Xi Jinping’s family or his faction within it. Yet, Jack Ma at the time felt no fear at all; instead, he felt his position was as stable as Mount Tai
10:45
Speaker A
. Because he believed he still held a trump card: Li Qiang and Cai Qi.
10:49
Speaker A
Especially Li Qiang, who had paved the way for Jack Ma from Zhejiang to Shanghai, providing policies and land whenever needed. Beijing's leader, Cai Qi, also kept his doors wide open to Alibaba, personally facilitating their interests. So, from Jack Ma's
11:01
Speaker A
perspective at the time, he had people in Beijing, Shanghai, and Beidaihe, and a bunch of connected "red capital" shareholders back home in Zhejiang— what was there for him to be afraid of?
11:10
Speaker A
It was precisely this serious misjudgment that caused Jack Ma to completely lose his final chance. On October 24, 2020, at the Bund Summit in Shanghai, the audience was filled with almost every heavy hitter in China's financial circles. Before Jack Ma took
11:23
Speaker A
the stage to speak, Vice President Wang Qishan specifically interrupted the video to emphasize the General Secretary's directive: to hold the line against systemic financial risks. Yet, as soon as Jack Ma stepped up, his very first sentence slapped Wang Qishan in
11:34
Speaker A
the face, claiming that China doesn't have systemic financial risk, but rather no system at all; China's financial sector fundamentally lacks a system and suffers from the risk of having no system. In his second sentence, he lashed out at China’s
11:46
Speaker A
major state-owned banks, calling their mindset that of a pawnshop. The essence of finance is credit management. We must abandon the current pawnshop mentality in finance.
11:55
Speaker A
In his third point, he sharply criticized the financial regulators of the time, saying they were using medicine for senile dementia to treat China's financial sector, which is currently in its adolescence. Like other developing nations, China's financial sector is in its youth; while
12:10
Speaker A
senile dementia and polio may look similar, they are two completely different diseases. These three statements may seem to be about the financial system on the surface, but between the lines, every single word was an act of defiance against the
12:23
Speaker A
General Secretary. When his words reached Beijing, Jack Ma’s remarks were defined as a blatant provocation by capital against national sovereignty , and the "tab" the General Secretary had been keeping on Ma was flipped straight to the final page. From then
12:37
Speaker A
on, Jack Ma’s days were numbered; on November 2nd, four Chinese ministries jointly summoned him, and on November 3rd, his highly anticipated IPO was indefinitely suspended. Immediately following the anti-monopoly crackdown, Alibaba was hit with a staggering 18.2 billion yuan fine, Alipay’s Huabei
12:53
Speaker A
and Jiebei services were gutted, and later, Ma completely lost actual control over Ant Group. He then vanished from the public eye, and when he finally resurfaced, he was in a very strange state. One moment in Spain, the next in the Netherlands, then in Tokyo,
13:08
Speaker A
Japan, and later appearing in Australia . In the past, when Ma visited Europe, headlines read "Jack Ma Meets Head of State," but now they have changed to " Jack Ma Visits Greenhouse in the Netherlands," transforming him into a
13:17
Speaker A
retired old man studying how to grow vegetables. Furthermore, this state of Jack Ma's has been given a very vivid term by the outside world: "political exile." In other words, he is wandering everywhere to avoid China. At this point, you might be curious. Since it
13:32
Speaker A
is said that Jack Ma learned his lesson and was determined never to return to China, why did he eventually return?
13:37
Speaker A
The drama behind this story is so intense it could be made into a movie.
13:41
Speaker A
By the end of 2020, as the three-year pandemic drew to a close, China's top real estate firms were too afraid to invest, and foreign investors were panicked. The Chinese government urgently needed someone everyone recognized to tell the world that doing
13:51
Speaker A
business in China was safe, and the most suitable person for this was, of course, Jack Ma. It was at this moment that Li Qiang, a good friend of Jack Ma , stepped in. Li began reaching out through Ma’s old contacts and even
14:00
Speaker A
dispatched special envoys to Japan and the Netherlands to find him. They passed on a private message to Jack Ma: "Come back, you are safe." Jack Ma is certainly no child. Relying on Li Qiang’s word alone was clearly not
14:10
Speaker A
enough; he wanted to personally clarify the General Secretary's true attitude. This is where the Chearavanont family of Thailand’s CP Group enters the picture. This group is no ordinary enterprise; the fourth-generation heiress, Theresa Chearavanont, married into the family of Xi Jinping’s
14:22
Speaker A
nephew. By that calculation, the CP Group’s Chearavanont family are essentially relatives of Xi Jinping by marriage—a genuine "gold-plated" connection. So, in January 2023, Jack Ma made two high-profile appearances in Thailand, meeting frequently with CP Group chairman Dhanin Chearavanont.
14:36
Speaker A
Global financial media erupted, with outsiders speculating about a massive partnership, which drove the stock prices of CP Group’s listed companies through the roof. In reality, these two trips to Thailand were never about business. Plainly speaking, Ma was there to test the waters and find out
14:51
Speaker A
how Xi Jinping intended to handle him, and whether he would be arrested upon his return. Once he had gauged the situation and received substantive guarantees from Li Qiang, Ma finally felt secure enough to head back. On the other side, what Xi Jinping wanted was
15:04
Speaker A
simple. The offer of over 300 billion yuan in exchange for safety was something Xi didn't even care about; what he truly wanted was for Jack Ma to disappear from the public eye. He wanted a ironclad promise. When Li
15:14
Speaker A
Qiang relayed this, the condition was that as long as Jack Ma kept his mouth shut and stopped crossing political red lines in the future. "Surrender your influence, and your personal safety, your wealth, and your retirement will be backed by the Party." Jack Ma’s
15:25
Speaker A
response was: "I will listen.""From now on, I am just a retired teacher, and that is all." In 2023, following the conclusion of the new "Two Sessions," Li Qiang officially took charge of the State Council. At that same time, Jack
15:35
Speaker A
Ma ended his long period of overseas residence and appeared at the Yungu School in Hangzhou. Global media exploded, and this was exactly the effect Li Qiang wanted. Persuading Jack Ma to return to reassure global capital became Li Qiang’s first major task
15:47
Speaker A
upon taking office. Time flew to 2024, the 20th anniversary of Ant Group. Jack Ma made a rare public statement, but this time he said: " I thank everyone for their encouragement of Ant over the years, and I am even more grateful for the
16:00
Speaker A
criticism, as it is this encouragement and criticism that have helped Ant grow and mature." Hearing the word " criticism," I really want to give Teacher Ma a thumbs-up. His world-record IPO was scrapped, he was fined over 20 billion yuan, he
16:13
Speaker A
voluntarily handed over 100 billion yuan for "common prosperity," his personal wealth shrank by hundreds of billions, and he lost actual control of his company. After losing so much, he summed it all up in one sentence: " Thank you to the organization for the
16:25
Speaker A
criticism that helped me grow." It seems that Teacher Ma’s greatest progress in recent years is his acting skills. By February 2025, Xi Jinping held a symposium for private enterprises, and this time Jack Ma was sitting in the front row. As Xi Jinping
16:37
Speaker A
entered the venue, Jack Ma immediately stood up, smiling and clapping vigorously; later, the two even shook hands. Just like that, the long-absent Jack Ma finally returned to the presence of the top leader. However, this time Jack Ma finally learned one
16:52
Speaker A
thing: the safest way to express oneself is not to brag, but to kowtow to the leader. The irony of Jack Ma’s story is most striking when it comes to Huang Youlong, who is in France. He didn't believe in China's rule of law,
17:05
Speaker A
so he asked Jack Ma, "Did they personally guarantee this?" And Jack Ma , who passed on the message, didn't trust the rule of law either; he waited overseas year after year, using every connection to ask, "Did they personally
17:14
Speaker A
guarantee this?" Looking back at the 2019 "Dialogue between the Two Mas," it feels even more ironic. The gap has widened far beyond just wealth. Elon Musk can openly criticize the U.S.
17:23
Speaker A
government and even win lawsuits against state governments; he bought the world's largest social media platform, X, to trade insults with the U.S. President. And what about Jack Ma?
17:33
Speaker A
Despite having staggering wealth and influence, he has to rely on others just to find out if he can safely return home, only to end up standing humbly before power, clapping vigorously. So, one thing makes me particularly curious: if Jack Ma were
17:47
Speaker A
an American living in the U.S., what would his life be like? And what if Elon Musk were Chinese?
Topics:Jack MaAnt GroupAlibabaChina politicsHuang Youlongextradition caseChinese businessXi JinpingFrench courtbusiness crackdown

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