Chinese billionaire, Jack Ma, co-founder and executive chairman of e-commerce giant, Alibaba Group, a multinational technology conglomerate, has been identified as a member of China’s Communist Party.
TheNewsGuru (TNG) reports the Chinese business magnate, investor, and philanthropist was identified as a member of the Communist Party by the People’s Daily in a list of people credited with helping to modernize China’s economy.
The revelation by the party-run People’s Daily puts to bed public assumption that the billionaire was politically unattached.
According to reports, the Communist Party is seeking to re-establish its pre-eminent role under President Xi Jinping, and this has been seen as a move to burnish the party’s image.
Along with Ma, Pony Ma, chief executive of Tencent Holdings Ltd., and Robin Li, chief executive of Baidu Inc. were also listed as people credited with helping to modernize China’s economy.
However, neither Pony Ma nor Robin was identified by the People’s Daily as party members.