Billionaire Jack Ma, founder of Alibaba, is a member of the CCP

Billionaire Jack Ma, founder of Alibaba, is a member of the CCP

Chinese billionaire Jack Ma, co-founder and president of online shopping giant Alibaba, is a member of the Chinese Communist Party (CCP), the People's Daily reported.

The official newspaper explained that Ma, 54, is one of the hundred famous Chinese people to whom the CPC Central Committee plans to pay tribute "for its contributions to the reform and opening up" (economic of the Asian country, of which this year they are 40 years old).

"Under his leadership, Alibaba has been ranked among the ten largest companies in the world in terms of market value, making China a major player in the e-commerce industry," praised the jury commissioned to draw up the list.

The source pointed out that Ma "has been a great agent for the (creation of) national demand", and that his contributions have made possible the appearance of "a large number of entrepreneurs and emerging companies".

According to Forbes magazine, Ma is the richest man in China, with a fortune estimated at 35,800 million dollars (about 31,600 million euros), thanks to Alibaba, one of the most successful online shopping businesses on the planet.

Also, the co-founder and current president of Alibaba appears in the 21st position of Gente Poderosa this year, according to the same source, as well as in the twentieth ranking of millionaires relative to 2018.

Last September, Ma announced that he will retire from his position as president of Alibaba next year.

On the same payroll – open to public comments – also include NBA exbaloncest Yao Ming and female volleyball coach Lang Ping, as well as the founders of Baidu (Chinese Google), Robin Li, and Tencent, Pony Ma , although these last two are not members of the CCP, said the People's Daily.

Relations between the CCP and the Chinese business leadership are increasingly frequent, and many Chinese openly claim that belonging to the single party that has governed the country for seven decades is a well paved highway to business success.


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