Alibaba’s Jack Ma is a Communist Party member: Chinese media


SHANGHAI: Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China`s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.

The People`s Daily revealed Ma`s Party membership in a list of 100 people it said had helped drive the country “reform and opening up” process. Ma is China`s richest man with a fortune of $35.8 billion, according to Forbes.

It was unclear why the paper chose to mention Ma`s affiliation now but it comes amid a push by Beijing to bring the country`s private enterprises more in line with Party values, especially in the technology sector that has grown rapidly, driven by the successes of private firms.

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