Millionaire owner of Chinese consortium joins Communist Party



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Jack Ma (Reuters photo)

MIAMI, United States. – The People's Daily, official organ of the Communist Party of China, made public its membership in Jack Ma, founder of Chinese technology giant Alibaba and one of the richest people in the world, AFP reported.

In an article dedicated to influential personalities of the Asian giant, the media revealed that Ma is one of the last additions of the party, which already has 89 million members and also has, among others, that with titan Xu Jiayin property and the founder of the Wanda Wang Jianlin Group.

In addition to venturing into the world of technology, Ma is also considered one of the "outstanding architects of socialism with Chinese characteristics in Zhejiang Province," where Alibaba headquarters is located.

The People's Daily also notes that Jack Ma is a member played an important role in pushing the "Silk Routes" initiative, an ambitious Eurasian infrastructure investment program by Chinese President Xi Jinping.

Although Ma and other figures in the business world have publicly stated that they prefer to stay out of politics, affiliation to the Communist Party may prove useful to many of these private entrepreneurs in China, where the government tries to revive the expansion of the influence of party in private business.

In the Asian nation it is required that any company with more than three party members establish a formation cell. Likewise, it is estimated that three out of four private companies already have party organizations.

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