Is China Poised to Nationalize Alibaba?

The International Business Times reports China might nationalize Alibaba. Here’s what that has to do with China’s digital currency efforts.

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Today on the Brief:

  • Whales accumulated during yesterday’s crash
  • Kentucky legislators introduce bill to attract crypto miners
  • UBS lowers the threshold for charging savers because of negative interest rates

Our main discussion: What China’s prospective nationalization of Alibaba has to do with the nation’s digital currency efforts.

In this episode, NLW:

  • Gives a background on China’s digital currency project
  • Discusses why the DCEP is motivated by a larger attempt to internationalize the RMB
  • Background on Alipay, Ant Financial and Alibaba
  • How Alibaba founder Jack Ma annoyed the CCP and why he hasn’t been seen publicly in two months

See also: Trump Signs Order to Ban Ma’s Alipay, Other Chinese Apps

画像クレジット: Wang HE/Getty Images News

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