Jack Ma, the 'owner' of Alibaba is a member of the CCP (Chinese Communist Party), who has said publicly that he would gladly hand over 'his' company to the CCP if asked to do so. This is a PR stunt on Ma's part, as he well knows that all companies within the PRC (People's Republic of China) are owned by the CCP, they are independent companies in name only. That's how Communism works. The state is the owner of everything. Chinese fugitive billionaire Guo Wengui once said that the top ten Chinese companies, including the supposedly privately-owned Huawei, Alibaba, and Tencent, are in fact “militarized state-owned enterprises” controlled by the Jiang family.
Sen. Kennedy on the Holding Foreign Companies Accountable Act. The Senate Bill passed, and if/when signed into law would see 800 CCP companies de-listed.
Since 2008 Wall Street has been investing in China. Giants such as Goldman Sachs Group Inc., and JP Morgan Chase & Co. have tens of billions. Five of the largest U.S. banks had a combined $70.8 billion investment in China in 2019, JP Morgan alone used $19.2 billion into lending, trading and investing in China. Some of these companies are hiring CCP 'princelings' sons, daughters, nephews and nieces of CCP’s Politburo in their fat-cat U.S. offices without any experience or qualifications, to show their goodwill towards the CCP.
Now to the 64 dollar question, when will D.C. finally wake up and tell all U.S. companies that invest in a U.S. National Security threat spelled PRC/CCP, that they will loose all of their U.S. Government Contracts both Unclassified AND Classified unless they divest themselves from all CCP operations which is the PRC.