Being fined 7.1 billion is a good thing? Has Jack Ma finally successfully landed?

In China's internet industry, Alibaba has always been the most dazzling star, surpassing a large number of industry competitors in terms of enterprise size and user base. Especially in 2020, Alibaba's market value soared to 800 billion US dollars

In China's internet industry, Alibaba has always been the most dazzling star, surpassing a large number of industry competitors in terms of enterprise size and user base. Especially in 2020, Alibaba's market value soared to 800 billion US dollars.

At that time, Alibaba had already left chip giants such as TSMC and Samsung far behind, and many people believed that Alibaba was likely to become the first trillion dollar company in Asia.

But as it rises and collapses, Alibaba is still a bit short of its original trillion dollar market value target, with only 234 billion dollars left in total market value.

However, recently, there was a good news about the founder of Alibaba, Ma Yun. The Ant Group under Alibaba was fined 7.123 billion yuan, which is regarded as the end of the three-year investigation and can be re listed for arbitrage.

Talking about Alibaba, talking about Ant Group, and even talking about the entire The Internet Age in China, we can't get away from Jack Ma.

Recently, both Jack Ma and Alibaba have had many stories, such as forcing merchants to "choose between two" due to their resource advantages; The incubated "unicorn" Ant Group was exposed to have used 3.8 billion yuan to pry 300 billion yuan through 100 times leverage, and there were serious violations.

As early as 2017, Jack Ma said in an interview with a host on a CCTV program, "I'm not interested in money." It became a joke for a while, but in fact, he may not be really interested in money. He still wants more.

He wants to change China's financial system, claiming to go from helping 20% of people to helping 80% of small businesses and young people. His words are like this, but his actions are difficult to agree with.

In 2015, Ma Yun opened the Pandora's magic box of China's private online finance "micro loans" with a "flower chant" to cultivate the habit of ordinary bottom people to consume in advance through Peer-to-peer lending.

What if the "Huabei" quota is used up? And then there are loans, IOUs, campus loans... what if there is no limit for these? Starting to search for various online "small loans" with extremely high interest rates. From then on, I lived a life of borrowing from east to west in order to repay the loan.

What if I don't have money to repay the loan? They will try their best to disrupt your normal life and harass you in various ways.

During that period, many young people born in the 1980s and 1990s still spent their monthly wages. After paying off, there is almost nothing left, and then we can only continue to borrow money for consumption, repeatedly falling into this consumption cycle of debt repayment, borrowing, debt repayment, and borrowing.

What is more frightening is that the money borrowed from Huabei is not from Ma Yun's wallet, but the money that other users have saved in Alipay and the bank, which is magnified hundreds of times through various financial levers before lending.

Once this Financial innovation enterprise with a market value of 2 trillion yuan is listed, Ma Yun's enterprise will become the leader of China's financial capital, and from then on, it will completely embark on the era of making money. Even major banks have to look at his face.

The rapid development of financial capital has brought about the following drawbacks: more and more separation from the real economy, the virtualization of the national economy, the foam of the virtual economy, the hollowing out of the real industry, and frequent financial crises, which have brought heavy disasters to economic development.

After the listing of Ant Group was suspended, the Central Bank, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange and other relevant departments first held regulatory interviews with the senior management of Ant Group, such as Ma Yun and Jing Xiandong. Just one month later, "one party, two sessions and one bureau" again interviewed Ant Group, and one year later, "one party, two sessions and one bureau" again jointly interviewed Ant Group.

In 2021, the State Administration for Market Regulation fined Alibaba 18.2 billion yuan for abusing its dominant market position. This fine has allowed Jack Ma to travel directly to the country since October 2021 and only returned to his home country in March of this year.

With his return to China, the investigation of Ant Group was finally ended. Ant Group was fined 7.123 billion yuan by the financial management department, and Ma Yun's original financial dream was also announced to be completely destroyed.

Jack Ma is a navigator in the era of e-commerce in China, who has made beneficial contributions to the development of China's real economy. He has made tremendous contributions to Chinese consumption - but even such a person cannot bear the responsibility of destroying a country's finance.

The state has imposed a huge fine of 7.1 billion yuan on him, which is both a punishment and a form of protection and reconciliation - let's call it a day, Jack Ma.

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