How and why the Chinese hijacked Jack Ma's $37 billion IPO of Alibaba's Ant Group
ฝัง
- เผยแพร่เมื่อ 16 เม.ย. 2021
- At the 11th hour, the Chinese blocked Ant Group's $37bn IPO, owned by Jack Ma's Alibaba. Strangely, Ma himself was missing and his name was censored on Weibo, the Chinese blogging platform. Watch the mysterious story behind why all this happened and what happens next.
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Sources
Panda Daily
Jack Ma Urges Chinese Financial Market Reform Before Ant Group’s Huge IPO; Jiyayi Sun; October 26, 2020
Economic Times
Alibaba's Jack Ma makes first public appearance since October in an online conference: State media; Lulu Yilun Chen and Coco Liu; Jan 20, 2021
China Orders Ant Group to Revamp Its Business; Dec 29, 2020
China’s Fintech Giants Scramble to Rethink IPOs and Raise Cash; Nov 27, 2020
The New York Times
China Is Dismantling the Empire of a Vanished Tycoon; Alexandra Stevenson; July 18, 2020
China Halts Ant Group’s Blockbuster I.P.O.; Raymond Zhong and Cao Li; Nov 3, 2020
Why China Turned Against Jack Ma; Li Yuan; Jan 20, 2021
Alibaba's Jack Ma Makes First Appearance After China Criticism; Tiffany May; Jan 20, 2021
Wall Street Journal
What Happened to China's Superstar Entrepreneur Jack Ma? | WSJ
Bloomberg Quicktake
Jack Ma’s Empire in Crisis After China Halts Ant Group IPO
Live Mint
The case for the digital dollar isn’t as straightforward as it appears; Barry Eichengreen; Mar 17, 2021
Why China suddenly decided to place Alibaba under its scanner; Angela Huyue Zhang; Mar 3, 2021
HOW JACK MA BLEW ANT’S $35-BILLION IPO; Rahul Jacob; Nov 19, 2020
Jack Ma’s blunt words appear to have cost him $35 billion; Shuli Ren; Nov 04, 2020
International Business Times
Is Jack Ma Missing? A Timeline Of Chinese Billionaire's Last Known Whereabouts; Dawn Geske; Jan 04, 2021
Times of India
China targets Jack Ma’s Alibaba, Ant empire in monopoly probe; Dec 25, 2020
The Economist
Xi Jinping is trying to remake the Chinese economy; Aug 15, 2020
The Print
Ant Group - A $280 billion unicorn that just had its legs broken; Tim Culpan; Dec 28, 2020.
China tells Jack Ma’s Ant Group to return to its roots as a provider of payments services; Dec 28, 2020.
CBIRC
Announcement of the China Banking and Insurance Regulatory Commission and the People’s Bank of China on the "Interim Measures for the Administration of Online Small Loans (Draft for Comment); Nov 02, 2020
TIME
Where Is Alibaba Founder Jack Ma? What the Saga of One of the World's Richest Men Reveals About China Under Xi Jinping; Charlie Campbell; Jan 04, 2021
Forbes
Disappearing Billionaires: Jack Ma And Other Chinese Moguls Who Have Mysteriously Dropped Off The Radar; Jennifer Wang; Jan 07, 2021
Bloomberg
Ant conducting ‘self-review’ after $35 bn IPO fiasco; Dec 16, 2020
Jack Ma’s blunt words appear to have cost him $35 billion; Shuli Ren; Nov 5, 2020
Jack Ma under regulators’ lens on eve of Ant listing; Niov 3, 2020
Reuters
Ant to become financial financial holding firm under enforced revamp; Apr 13, 2021
China fines Alibaba record $2.8bn for violating anti-monopoly norms; Apr 11, 2021
Ant’s IPO fiasco dents value; Scott Murdoch & Kane Wu; Nov 5, 2020
It may sound harsh but this is ryt step what china has done to alibaba why should all the money to go to one individual. In India most of the wealth is confined to very few rich billionaire but major population dont have even get basic necessities of life though media project Chinese govt oppressive but look at the brighter side they have created skill job and world class infrastructure but here in india our leaders are busy trading netas just for the power chairs and now when country need vaccines, greater plans and strategy for elimating covid intellectual and visionaries netas are busy in elections wars and now when there will be public anger against govt all the medias and govt agencies will divert the topic toward china and Pakistan to save there ash. People grow up and dont be in trap let give the voice for the injustice done for the place regions where u belong india will change only when all its public will start speaking against the negligence of govt of the netas for the netas and only for the businessman.
In the point if Monopoly thing Yes it was Right step. But this move by CCP was not made because of Monopoly it was solely because he thought Himself bigger then Govt. Which obviously Govt didn’t liked. Because why not!! Its CCP
@@blitz3276 Yes Completely agree, and there success is not only because of Government. It’s mainly because of Dominance of CCP. One Party Rule in Entire Country. They don’t need to Answer peoples or report to there peoples like India. But that’s what Democratic vs democratic dictatorship means
All the wealth created was with hos own brain and if you want skilled job then remove reservation first that's we are not able to manage anything
@@blitz3276 jaha se suru hua waha pe hi strictness kar di to world me kyu ha ha kar machra abhi?
Dikkat india me law ka nhi proofs ka hai. Bhai bs China business & development me acha hai . Yaha ek road banane me sarkar ko muskile ati hai district me opposition wala opticians court jake kam pe stay lagwa deta hai politics ke liye. Baki I don't agree koi banda business kara hai Kamara hai to uska business takeover karlo. Success ka yu hi mil jati hai. Taxes , rules ke bd hai bhi agr banda super rich banra hai to kya mallaya ke tareh desh chodke bhag jae ?
Communism is defunct, but few specimens are leftover 😂😂😂😂
If I was in China and hit the like button of this video , I maybe booked for curruption even though I'm broke 😂
Lol
@Dhruv Kataria stop it, don't blurt out non sense stuff
@Dhruv Kataria Even I live in India lad, nothing like this happens liberal.
So share more and more
Well you’re not in China.. like away
Xing Ping destroys every billionaire who steps into his way
And Xinping grabs their assets for his own account. Soon Xi Xinping will be china's wealthiest Billionaire or even a Trillionaire. He doesn't pay much in the way of taxes like most other wealthy Billionaires.
@@cdnsk12 He makes billions out of billonaires
Long story short... the moral of this is.. "kuch bhi karne ka par xijingping ka ego hurt nahi karne ka.."..😌
th-cam.com/video/7pgEcVkZ_kQ/w-d-xo.html
How China is trying to become superpower
Must watch
Really worked hard on editing
Hope you like it 😃
The legend is back !! Much respect from Nigeria
nigeria originally part of INDIA 🇮🇳
@@SanjayKumar-bq8fp lmao
@@SanjayKumar-bq8fp 😂😂😂😂
@Arnold schwarzenigga If by India he meant the British empire than yes?
@@SanjayKumar-bq8fp Noobs won't understand this. it's okay there are many idiots in our country.
"He is too powerful to be left alive"
Girl what
@@Hm-dh1vu what?
So share more and more
I am one of few visitors from very remote North East India, I very much appreciate the work of Bisbo how it well research and explain the fact through animation
Welcome to Bisbo Pritimoy. However you will be happy to know that we have many people from NE viewing Bisbo
hi from Silchar, Assam
From manipur
From assam
from agartala,tripura and northeast is not at all remote..dont spread fake information
WOW! ISTG I have been binge-watching Bisbo, and I must say, u guys are OP. The animation and narration are up to the mark. What editing software do u guys use??
Thanks. We use Adobe Photoshop and Animate CC
well i think we are ahead of them in this aspect because they rely on the wallet system for digital payments but we have a well built bank account to bank account pay system.
In Paytm or UPI, You cannot do Transactions more then 1 Lac because of RBI Rule of 1lac.
In Alipay/WeChat Pay you can pay 20x times more in a day.
Alipay is even Used for International Remittance Receiving/Sending. Paytm/UPI is Just limited to India. Atleast RBI should Allow International Remittance via UPI
They have UnionPay Card, Similar to Our RuPay.
UnionPay is Very open, You can Pay to any UnionPay card from Almost any country via Unionpay Network for International Remittance.
In India International Payment, can be Received only via IFSC or Swift thing. No Involvement of Private at all
Its been 10 Years of RuPay Existence, Have you seen Any growth of RuPay? UnionPay on the Other hand Is all over China, MasterCard/Visa Existence is Almost Nowhere among Chinese
Our UPI/Paytm Transactions and Limits are Way too Less then them, They are Market Leader, Alipay is way bigger then Our Entire UPI System, they even have Footprints in India with Paytm
Our Paytm is Replica of Alipay, Its just we don’t see it like that because we don’t know alipay,
Mass QR Based Payment Adoption in Happened in India Only after Demonisation/Covid when it was Required
In China they Just Adopted it way back without Such reasons, The Merchants Prefer Digital more then Cash there. In india its not same Case. Lots of Backward Uncles still thinks Banks and Wallets are Fraud.
Paytm Merchant limit is now 3 crore / Month. Earlier it was 1 lac 😅, They never Notified about 3 Crore limit.
Same way Alipay had Limit of 50k YUAN Earlier, which is now 50lac YUAN for Individuals and Unlimited for Merchants
Paytm - Alipay
Paytm Mall - TMall
Lot more was about to come, Like Weidian/Taobao like Individual Apps for Local sellers, But after Border issues they’re Kinda Calm right now.
They are in Beta Testing of Digital Yuan, No Other Country have even Thought about it, I think Our government Don’t even have any idea what it is, Our Government might Also Regulate CryptoCurrency with lots of Restrictions which is Future of Worlds Finance system.
I like the NPCI Methods so Much, I really Love how properly they Implement it but after a while they stop developing it at all, Like RuPay
China is Where it is Half because of Jack Ma’s Alibaba and Alipay which Eased Process for Lots of Individuals like us.
If India Really wanna be Manufacturing Hub like they(Government) Advertise, they(NPCI) really Gotta Need to Improve Capacity of UPI and Rupay Network, Shouldn’t Just keep it limited like it is Today.
UPI says No Payment provide Can Dominate, If you keep Such Limitations, No Payment Provider will Think of Such a huge Expansion like GooglePay, PhonePe
@Mohan Krishna Sai Rupay 2.0 have nothing New, Only Contactless support which Obviously they have to Seeing Trend. Rupay Card is Non Existing among Urban Peoples
@@Mr025lucky propaganda comment... RuPay is very successful, has more than 55% market share. MasterCard and Visa even approached US govt to put pressure on Indian govt to not promote RuPay much
@@piyushshukla3812 Bapreeee Propaganda🤣, Sirji I’m a business who’s Close to China Related Import Hence I have Knowledge of China payment thing. by Commenting just wanted to Highlight to the Original Comment that We’re No way Ahead of China.
And also Rupay is Mostly used by rural accounts and low level accounts. In urban Placed Rupay is Almost Non Existing. Im not saying Rupay is not Successful. Im saying they’re not Developing it at all. They announced Contactless only after RBI thing. Im a Fin-tech Enthusiast and Im fan of NPCI, but they are very slow in lots of things.
Liked before watching ❤️❤️❤️
Gobisbo🔥🔥🔥🔥
Well explained !
You seem to be quite neutral .
Hats off bisbo♥️
Thank you Samarth
@@BisboWorld he's changed his name to stalin lol
Hello c o m r a d e!!!
So share more and more
Thank you TH-cam for suggesting me this channel. Gotta appreciate your work. Very unique and refreshing. Hats off man🙌
Thank you so much 😀
Jack ma ko chak-ma 😂😛
Very well explained team bisbo 💛
Keep doing well! 🌟🌟
Thanks Gurmaneet
You don't only explain you animate that too. Appreciate that.
Thank you
No way he animated this, this is way too professional. This had to have been made by an entire studio of people. Or multiple studio collaborating.
@@MobileAura they are a communtiy of this channel and etc and the have a small studio
So share more and more
Don't only*
Ayeee bisbo is back 🔥🔥🔥🔥🔥.......
U are one of my best subscriptions on TH-cam. Always 100% engaging & informative.
Happy to hear that Emeka!
The only channel who's notification is set to all. Thank you for sharing your work. God bless you legend .
Wow, thanks Manash
I really appreciate Bisbo for making animation to understand the story . It becomes easy to understand the news especially for school students
Thanks Tripti
Thank you bisbo for the content...keep up the good work
Many thanks Shiva
I appreciate your immense efforts! Very informative and easy to understand! Thanks a lot! ❤️🔥
Thanks Nikhil
Great one bisbo ❤️
Thank you Ravi 🙌
Your explanation is way far better ! Hatsoff ❤️
Glad you liked it Himanshu
@@BisboWorld hi bisbo can u make a video on f1 ?
Making News Fun, Bisbo, great video as always
Thanks
It just started in india . Lot of apps are giving loans without collateral for high interests and people are being trapped 😓
If no collateral, then how trapped?
But still he says thank u 😂😂
Yes because he don't want to die
@@jayanthhr4331 he can just leave the country he has earned enough but I guess he still wanna earn more haha
This Channel is so worth watching
Great video Bisbo! Please make a detailed video on the Chattisgarh Maoist attack
We are planning to do a detailed story. Meanwhile see our video on an earlier attack. th-cam.com/video/inBikVJF_Ho/w-d-xo.html
Thanks bisbo for such news 🙏🏻
Thanks Dad
Great content! You deserve more viewers❤️
Thanks Thanveer
Well done Bisbo👌👍👏👏😍
Thank you Gouuchongloi
the rbi ignored me when i reached about comments on india's CBDC plans but then they went out and submitted that crypto ban+CBDC permission bill from the gov. Really cant make sense of this anymore, if modi has enough control to ban notes without telling the rbi governor then why is rbi trying to gain more footing?
Awesome way of presenting facts love it bro
So finally a country that stands up against corporate giants to safeguard people's interest.
Australia too
Amazing video guys ☺️❤️...keep up the work 😀❤️
Thank you so much Fidha 😁
Alipay "clone" paytm😂😂😂. Its high time that someone call out indian startups for being a copy of successful western and chinese ones.
So u don't want any startups in India?
Pretty much every company in China has stolen US technology, Alibaba-Amazon Tencent-Microsoft Google Facebook Twitter literally every thing China has is clone of US companies. Now what you want to convey with above statement.
Pretty much every company in China has stolen US technology, Alibaba-Amazon Tencent-Microsoft Google Facebook Twitter literally every thing China has is clone of US companies. Now what you want to convey with above statement.
At least someone in this world has to have that 💡so every others can recreate it and use it for the betterment of humanity... That's the only way we all can grow or else go back to live in stone age like the one's living in sentinel island in Indian Ocean chose to be
Lol Paytm now works on upi
Best thumbnail sir✌🏻✌🏻✌🏻🇮🇳🇮🇳🇮🇳
I watched an alibaba ad in this video
Lol
You nailed it!!!!
Thank you Sam
BTW lot of hard work reflected throughout video! Claps!!
Thanks
I thank the Chinese government for disappearing me. 😂
Very good animation. Ek number.
Bisbo sir,
The video is amazing as always but the "q" in the Chinese names shouldn't be read as in the "q" in English, for example Qing Dynasty should be read as Ching dynasty.
For more refer about Pinyin script.
Ok. Thanks. Wish I had known sooner
@@BisboWorld It is a pleasure that it is useful to Bisbo.
@@DhesikVinayak So share more and more
Ironically I got Alibaba ad just before this video,🤣
This sounds exactly like Orwell's 1984. He was so ahead of his time
Who
good bisbo you should upload more videos.
I will try my best Surya
@@BisboWorld all the best bro
So he accidentally violated the 1st law of power... Damn he should have bailed at the first opportunity to some other country, pref india or South korea..
I think chinas politics is very bad but on the other side its economic strategies are good
The problem is that there politics get in the way of their economic stratergies, they keep punishing those who succeed and focus more on patron based economies over meritocracy, a frequent problem with China historically is focusing on internal control and stability over progress.
@@VampireNewl Xi Jinping is very strict against corruption.
Go bisbo go bisbo
Kudos team 🙏🙏
Thanks Samier
Amazing.... Narration.. Keep it up..
Thank you Jay
Best TH-cam channel 👍👍
Dear bisbo please make a video on mining issue in Goa
#EveryStateMatters
Great animation.
Hey Bisbo
It would be great if you do a video about China's economic growth after 1978 reforms and opening up policy, Special Economic Zones, Shenzhen, And lessons for India
Yes, I agree with you, Its time for a Video on that
Digital yuan has already been launched few days ago in few cities2.
Nice channel.
Tq bisbo i had no idea abut wat was gng on can any 1please explain how could alipay create a financial crisis
Because it lends to youngsters with low credit score for high interest. They can start defaulting and we can see repeat of 2008 crisis.
Thanks bisbo
Most welcome
Superbbbb as always....a Chinese kowtow to you
Thanks Nagaraj
I got Alibaba Ad on this video
Hii i have question about uploading video on bisbo hindi channel.In last few weeks you are uploading your Hindi version video too late or inappropriate order which makes us feel bad. Think about it and plz one video on#covid19_in_india_and_its_management
Noted Prabhat. We will improve upon it.
Do video on popular front of india pfi history please 🔥
Which editing software you use for this amazing video ❤️
Adobe Photoshop and Animate CC
Bro I got an alibaba ad during this vid
They might soon start Running out of country . .. if government chases you like nirav modi n Vijay Mallya ran from India
We welcome Jack to settle his base in Hyderabad/Bengaluru. Just pay your taxes on time and employ local techies
You rock
LOVE YOUR CLASSIC INDIAN VOICE/ACCENT
Bisbo , from which country are you ?
Which do you think?
Funny cartoon videos. 👍👍👍
Subscribed 👍 👍
Please can you make a video of Indian economic slowdown 😁
❤️❤️ nice content
Thanks Yash
The problem with Jack Ma was that he started behaving like Indian and American businessmen and billionaires. Usually for a minor level of non compliance, any businessman will be asked to report at the local CCP council office, to explain his actions and if they do not cooperate things will escalate. But they definitely give the opportunity to correct course.
It is something like this that hurts ego's of non Chinese billionaire businessmen. "You know who I am?" Will be the first defence. Name dropping will start. And CCP hates people who drop names.
It is my understanding that Jack Ma may have buried his head in the sand assuming he wasn't in China.
nice👍
Thank you! Cheers Adithya!
Bruh corruption pe videos pls
What we can too as a citizen
the out cry of people rushing to support him and condemn the CCP was just weird. I know many people dislike the CCP, but that doesn't make their decision to reign in billionaires a wrong decision. Tier methods and intent are questionable though.
How many r there in bisbo team?
There's a whole bunch of us!
Please make video on Israel assassination of Iran nuclear scientist
Yes that would be an interesting one
@@BisboWorld thank you.. I'll be desperately waiting for it
Please post a video about Bangalore riots.
Make a video on American withdrawing its troops from Afganistan.
We've done one one our international channel
th-cam.com/video/x7lpjGFGlbg/w-d-xo.html
@@BisboWorld that I seen, which is of Trump government. Wanted an video on recent developments.
What kind of gold did I just stumble upon
Thank you Andrew
It’s hard to believe that jack ma wasn’t keep a backup plan
the loans seemed pretty similar to the recent crackdown on loan apps in india.
Yes many were Chinese loan apps
That's the difference between Indian and Chinese government. Chinese government isn't just but it does things which is needed to be done. That's why India is still dealing with Kashmir and other separatist states for more than 70 years but look at China there's literally no opposition to the establishment.
That's why people r killed for opposing a govt in China 🇨🇳
R u paxtani
Dummy dum dum
@@arpitkumar2981 🤷♂️🤷♂️🤷♂️
You should know that in Chaina Muslims are getting killed .
*We should consider doing same to big techs like A m jon. They are not even desi.*
I don't know why alipah needs money
The problem is these giants want power but without shouldering the responsiblity that came with it...
Ofcourse if they assume responsiblity their growth will slow down but with it the CCP wont have excuse and cohesion to make those seizures...
Make a video about what will happen if 1$ = 1 Ruppee
Simple. Indian export will collapse due to currency value is High. Foreign Investment will be stopped in India. Many will go jobless as many Developed countries have offices in India due to cheap labor.
@@Praveen9790 but the country would be so rich
@@aahaanchawla5393
When there is unemployment. How do you say country will be rich.
Currency value is nothing to do with richness.
Example : India and Bangladesh rupee are stronger than Japan.
Does that mean Japan poor than Bangladesh and India. Not
@@Praveen9790 listen every rupee willbe equal to a dollar and so everybody could flock to the USA and it would be much cheaper as compared to india due to the foreighn exchange
@@aahaanchawla5393
Dude 60% gdp of india is based on service sectors.
If you make your currency = to USA. Why will companies from USA, Europe come to India?
Why is China which is powerful as USA has ther currency value much lesser than USD? Because Chinese export will get hit. Namaste
Even Raghuram Rajan can't explain you. Just leave it from here. 😁
Alibaba is majority owned n controlled by western tycoons. Jack has some small shares.
5:36 it's tow not toe
Heeey bisbo have discord
Yes. See our channel page image top right. Click to join
The important thing is that you need goodbusiness for the economy not only they create jobs but also provide good asset which can appreciate and you can purchase them from stock broker , so you can become rich as well
When you question the very environment that created you, i will be concerned. That's the reason Chinese corporates cannot flee China leaving behind billions of unpaid bank loans. Other governments should learn from the CCP, atleast on how to deal with corporates.
Collaborate with kento bento/asianometry
💯💯👌🏻
Please make a video about bisbo TH-cam channel
North Korea 🇰🇵 and PRC 🇨🇳 literally same
Nice
Thanks
Sab baat ki ek baat..watt lagaye Alibaba ki
Please make a video on 1994 ISRO spy case
Making