[jimmydef]

I think the main reason alibaba got beat down was because it was moving from "tech" into finance offering unregulated loans and jack ma criticizing regulators did not help at all.

And alibaba was not "deep tech", more like derivative tech. It's just a ecommerce site. It takes a lot of technical expertise to operate that at a large scale for sure, but at the end of the day, it's not the kind of fundamental tech free from sanctions that the chinese government wanted to pivot its tech industry to.

[seanmcdirmid]

Alibaba is like Amazon, they are known for commerce but have branched out into so many other things, they even have or had a quantum computing effort. Most Chinese companies work under the ask for forgiveness rather than permission creed, because I think that’s how the only way they can do anything at all as the government itself moves slowly, if your project is successful it will be blessed after the fact as always the true way (eg wepay and Alipay started like that). Ma’s mistake was in at least not pretending it wasn’t like that.