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World: China: the tech in the anti-corruption clock

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Les locaux d'Alibaba à Pékin © Greg Baker The premises of Alibaba in Beijing

The Chinese regime threatened to lead a "merciless" struggle against corruption, particularly in the technological sector , in a warning that affected Friday on the actions of the Alibaba online commerce giant.

At a meeting Thursday in the presence of President Xi Jinping and the highest leaders of the country, the Chinese Communist Party Disciplinary Inspection Board (CPC) promised to accentuate its fight against corrupt officials.

Since the arrival of Mr. Xi in 2012, more than a million and a half of CCP frameworks have been sanctioned for corruption. This campaign is suspected of also used to eliminate internal political opponents at the presidential camp.

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"There will be no mercy for those who run or participate in factions, cliques or political interest groups within the party," warned Chinese leaders, in a statement quoted by the China New Agency at the end of the meeting.

The report is particularly targeting major private groups in the technological sector, in the collimator since the end 2020 and the suspension in extremis of the Giant Exchange of a subsidiary of Alibaba, ANT Group, imposed by the power .

"Efforts will be redoubled in order to investigate and punish corruption related to unbridled expansion of capital and the monopoly of platforms," ​​threatened Chinese leaders.

Objective: "Breaking the link between power and capital and strengthen financial discipline".

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This warning occurs while CCTV national television began broadcasting a documentary series on anti-corruption, which made the title Alibaba dive on the Hong Kong Stock Exchange.

One last episode accuses an unspecified company to have corrupted the brother of a senior official of the city of Hanzghou (East), where the Mastodon of electronic commerce is headquartered.

But the examination of commercial register made it possible to establish that from Group, a subsidiary of Alibaba specialized in online payments and financial services, had invested in companies controlled by the brother in question.

The Alibaba action has yielded nearly 6% Friday before declining 3.35%.

The group founded by the Multi-Billionaire Jack Ma charismatic was last year's a fine of nearly $ 3 billion for abuse of dominant position.

Jack Ma, who had risked publicly criticizing the financial regulatory authorities at the end of 2020, has since disappeared from traffic and no longer makes him talk about him in the Chinese media.

TJX / JTA / Bar / EHL / ABX

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