China Arrests Someone Named “Ma,” Investors Worried It’s Jack Ma

( )- According to Chinese state media, a guy “surnamed Ma” was detained on suspicion of conspiring with outside forces to subvert the State and divide the nation. Investors were concerned that the culprit might be Alibaba founder Jack Ma, China’s richest man, until he ventured to defy Chinese Communist rules, and stock prices plummeted.

The man’s surname was not revealed by China’s state-run Global Times, but the newspaper did reference the significant way in which his name is spelled with “three Chinese characters”:

According to the Global Times, Ma, who was born in 1985 in Wenzhou, Zhejiang Province, is the director of an IT company’s hardware research and development department. As a result of being brainwashed by anti-China forces from the outside, Ma regards anti-China forces as “mentors” and has become one of their instruments to control China.

Since March 2022, Ma has developed an online anonymous group to act as an agent of outside powers, propagate rumors and deception, and issue so-called independence declarations to split the country and destroy the state.

Ma targeted young people and university students, pushing them to participate in actions that tarnish the country and its people, building unlawful groups, and formulating political blueprints to destroy the state.

The suspect was accused of forming a “temporary parliament for the Chinese mainland” and creating new rules and institutions in preparation for his grand strategy of subverting the Chinese government with the assistance of countries overseas. According to the media, Ma accomplished most of these goals by just posting on social media.

The flamboyant billionaire “disappeared” by the state in October 2020 after criticizing Communist economic policies at an international gathering in Shanghai.
Ma resurfaced in early 2021 with a quiet demeanor, a shattered business empire, and a net worth of $10 billion. The Communist Party’s harsh treatment of him served as the first volley in a drive to teach Chinese tech millionaires that the Politburo and dictator Xi Jinping are the ultimate employers.

This year, the coronavirus outbreaks seemed to stop or delay a regulatory onslaught on China’s most prominent corporations, which took up much of 2021.

Investors are so concerned about the paranoid Chinese Communist Party’s erratic swings amid the new coronavirus epidemic that Alibaba Group lost $26 billion in value on Tuesday morning. Alibaba’s stock dropped 66% from its high when Jack Ma attacked Communist policies.

The suspect’s name was misspelled in Chinese, prompting conjecture that he was Jack Ma’s son Jerry, a millionaire in his own right whose profile matches some (but not all) of the material released by the Global Times.

According to the China Reader blog, a given name is frequently anonymized in Chinese news by converting to the character mou. However, in this case, the suspected perpetrator is referred to as Ma Mou-Mou, which means “two mou” rather than “one mou.” This differs from Jack Ma’s Chinese name, which is made up of only one character, Yun.

It would, however, fit Ma’s son, Jerry Ma, whose Chinese name, Ma Yuankun, is made up of two characters for the given name. It would also be appropriate for Ma Yuanbao, his daughter.

Jerry Ma, of course, has his own business operations and boasts a net worth of USD 3 billion.

Although little solid information about the Ma family has been released to the public — Jack Ma and his wife Cathy Zhang are said to have a third child whose name is unknown — Jerry Ma is believed to be several years younger than the 1985 birthdate given by the Global Times for the subversion suspect, and his sister is also several years younger.

Whether or not the guy detained on Tuesday has any ties to Jack Ma, the internet entrepreneur is in grave danger with the Communist Party. Jack Ma vanished again earlier this year. China’s anti-corruption agency, the Central Commission for Discipline Inspection (CCDI), launched an investigation into its links to multiple state-owned firms.

Ma’s downfall might be tied to Zhou Jiangyong; a senior Communist Party official arrested for bribery last month. Zhou is accused of abusing his position to extort payments from a number of businesses, including Ma’s Ant Group, to arrange significant discounts on real estate transactions.