Chinese regulators slapped a record fine of 18.2 billion yuan ($2.8 billion) on Jack Ma-led e-commerce giant Alibaba Group Holding. The fine was imposed on Alibaba for violating anti-monopoly rules as the country seeks to rein in the power of internet conglomerates. However, many observers view this as CCP's witch hunt on Jack Ma, following his sudden disappearance and later reappearance, in a bid to curb the tech giant's influence on the country. Does Xi Jinping view Ma as a threat? It certainly looks like it.
