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Jack Ma, the founder of Chinese technology giant Alibaba, He is one of the richest people in the world, but now he is also known to be part of another club, the Chinese Communist Party, with 89 million members.
Membership was revealed by the People's Daily, the party's official body, in an article praising those who contribute to China's development.
Ma is not the first and probably not the last Chinese capitalist millionaire to join the lineup, which also has the property Xu Jiayin and Wanda Group founder Wang Jianlin as wealthy affiliates.
Until now, Ma had said she preferred to stay away from politics.
In the article published on Monday, People's Daily observes that Ma is a member of the CCP who played an important role in promoting the "Silk Roads" initiative, an ambitious program of Eurasian investments in infrastructure of the Chinese president. , Xi Jinping.
He is also considered one of the "prominent architects of socialism with Chinese characteristics in Zhejiang province," where Alibaba's headquarters is located, according to the publication.
Party membership can be helpful to private entrepreneurs in China having to make their way in a complicated business environment in which the state economy dominates many industries and private companies can be unwelcome.
Xi tries to reinvigorate the expansion of Communist Party influence in private enterprises, requiring any company with more than three party members to establish a training cell.
Three in four private companies already have party organizations.
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