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China's Richest Man Comes Out As Communist Party Member

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Flash - Jack Ma, China's richest man, is a Communist Party member - France 24

Jack Ma, founder of Chinese tech giant Alibaba, is among the world's richest people but he has now emerged as a member of another club: China's 89-million-strong Communist Party.

The billionaire's Communist bona fides were revealed by the People's Daily, the party's official mouthpiece, in an article praising contributors to China's development.

He is not the first nor likely the last Chinese super-rich capitalist to join the party, which counts property titan Xu Jiayin and Wanda Group founder Wang Jianlin among its billionaire members.
via drudgereport.com

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 Xi is pushing to further intertwine the party and business, with the latest rewrite to the rules for party organisations published Sunday by official news agency Xinhua.

In private companies party cells should "guide and supervise the enterprise to strictly abide by national laws and regulations," the draft order says, according to Xinhua.

Ma did not reveal his Communist Party membership in paperwork filed for Alibaba's 2014 initial public offering on the New York Stock Exchange. It is not known if Ma was a member at the time.

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