From China CCP to Nationalize Jack Ma’s Alibaba and Ant Group:

Reports from China indicate that the Chinese government may be working on a plan to nationalize Jack Ma’s Alibaba and the Ant Group. China’s ruling Chinese Communist Party (CCP) has gone further ahead with the antitrust investigation into e-commerce giant Alibaba.

Coming at the end of a years-long cascade of Chinese offronts to human rights and any reasonable standard of fair play, it beggars belief that western companies (particularly egregiously: Apple’s services and maufacturing interests, various sports leagues, and various media companies) continue to double down on China as a strategic partner and important growth market. The tide has been turning for a while now; it should be obvious by this point it’s not going to turn back.