jiang zemin

jiang zemin

AliBaba's Background Unveiled Second Red Generation Shareholders everywhere

1h ago
SOURCE  

Description

Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews July 21, The New York Times revealed, Chinese e-commerce leading Alibaba has a deep political background because many shareholders are Chinese Communist Party (CCP) second generation of red. For this allegation, Alibaba immediately denied this with a statement. Some analysts pointed out that the Jiang faction's second red generation's misconduct will be disclosed more and more with the Jiang faction's downfall. September 2012, the New York Times reported, Alibaba Group announced to purchase another half of shares of Alibaba from another company Yahoo for $US 7.6 billion. The report said AliBaba raised funds by selling shares to the leading investment institution. The leading investment institutions include China's sovereign wealth funds, as well as three famous Chinese investment companies: Bo Yu capital, CITIC Capital and National development bank's investment institution CDB Capital. However, AliBaba did not specify these three investment companies having a deep political background. According to the report, there are many CCP officials' descendants in senior management positions in the three companies. These officials have served in the Politburo Standing Committee after 2002. Alibaba is expected to be listed in September in the United States. The report said that Ali Baba's valuation is more than $US 200 billion through the initial public offering (IPO). The second red generation members with strong political backgrounds may make windfall profits. Commentator Ren Baiming: With Zhou Yongkang, Bo Xilai and Jiang's gang members' downfall, backers are gradually falling away. This includes the red second generation with a Jiang faction background, as well as someone who made large amounts of money and having interests in the Jiang power faction. In this case, a lot of negative news will be released through overseas and domestic media. It is said that Bo Yu Capital is owned by former CCP General Secretary Jiang Zemin's grandson Jiang Zhicheng. Bo Yu capital has received more than $US 1 billion return through a subsidiary's $US 400 million investment to Alibaba. The CITIC Capital is one of the investment institutions under CCP central enterprise. One of the Eight CCP elder statesman Wang Zhen's son, Wang Jun had served as CITIC Group chairman for a long time. CITIC Group subordinate CITIC Private Equity Funds Management Co. is a long-term position led by the current Politburo Standing Committee Liu Yunshan's son Liu Lefei. In addition, the vice president of CDB Capital is He Jinlei whose father is He Guoqiang, a former Politburo Standing Committee and secretary of the Central Discipline Inspection Commission. CDB chairman Chen Yuan is the princeling. His father was one of the Eight CCP elder statesman Chen Yun. Ren Baiming: especially Jiang Zemin, not only his grandson, in fact, his son was called the largest Chinese embezzler by the people. You can imagine Jiang family's series of corruption might be exposed at the front when it's time to clear them. Currently, there is some dispute over the economic field with a strong political background behind them. July 21 evening time, Alibaba retorted New York Times' report in a statement. The statement alleged that the market is the only background for Alibaba and described the New York Times article was based on self-inference and self-imagination. The Political Commentator Lan Shu: the senior CCP cadres' families or the children did business by the use of cadres' power within the party or the country, or the cadres' influence to seek benefits for the families of children. This information is the evidence for faction struggle. They certainly do not want others to catch it. For those corrupt officials, they just do it and deny it. July 23, Hong Kong Apple Daily disclosed in the first half of this year, AliBaba's acquisition of CITIC 21CN from AliBa...