According to media reports, Ma Yun was listed as a new target of prosecution by four Wall Street investors on April 22. Earlier, they launched a class action lawsuit against Alibaba on the grounds that its interests were damaged by the sharp decline of Alibaba's share price.
Jack Ma is no longer the chairman of Alibaba and has withdrawn from Alibaba's board of directors. Wall Street investors took Ma Yun as the object of prosecution in the class action against Alibaba, and its intention is not just to point to Alibaba. As a well-known Chinese entrepreneur in the United States, the prosecution of Ma Yun has a more obvious meaning of challenging Chinese technology companies as a whole.
Since the outbreak of Sino US trade friction in 2018, the United States has been stepping up its crackdown on Chinese science and technology enterprises. In 2020, the US Senate passed the so-called "foreign company Accountability Act", which provides a legal basis for cracking down on Chinese science and technology enterprises listed in the United States. Since then, in the United States, there have been a number of comments and propositions advocating China US decoupling. In March this year, the securities and Exchange Commission (SEC) listed five Chinese companies on the so-called "pre delisting list", and 17 companies were added to this list in April.
Under the above "combined punches", Chinese science and technology enterprises listed in the United States have been hit hard. Since 2021, the total market value of Chinese technology enterprises listed in the United States has shrunk by more than $1 trillion. As a representative of Chinese Internet companies, Alibaba's market value has evaporated $620 billion.
Wall Street investors sued Alibaba and Jack Ma for the sharp drop in Alibaba's share price. However, anyone with a clear eye can see that the sharp decline in Alibaba's share price and the overall serious decline in the market value of Chinese technology companies are mainly due to a series of continuous suppression and containment measures taken by the United States against Chinese technology enterprises. These investors suing Ali are "pretending to be confused with understanding". In fact, they act as thugs for relevant US forces to contain China.
Both China and the United States are big countries. With the continuous development of China's economy, the economic gap between China and the United States has gradually narrowed, and the voice of curbing China has become more and more marketable in the United States. It should be noted that the complexity of China US relations is getting higher and higher, and the competition and even friction between the two sides in many fields are inevitable. We must have a clear understanding of this.
China has a unique system and culture completely different from the United States. This naturally leads to the vigilance and concern of some people in the United States. China has a huge Chinese market with a population of 1.4 billion, which provides a broad stage for the business development and technological progress of local enterprises, which may also pose a challenge to the long-term economic hegemony of the United States.
Observing the actions of the United States in the past few years, we can see the complex interweaving of trade war, science and technology war and financial war. By including Huawei, Semiconductor Manufacturing International Corporation(688981) and other enterprises in the so-called "entity list", the United States is cutting the trade supply chain related to China; It is a typical science and technology war to suppress Chinese science and technology enterprises such as Huawei through the Meng Wanzhou incident.
A series of new policies and even regulatory deterrence against Chinese science and technology enterprises have opened a financial war between China and the United States. Finance has always been the strength of the United States. It is not only American legislators and regulators who have participated in this financial war, but also the relevant forces that professionally short Chinese science and technology enterprises and launch lawsuits against them have undoubtedly played a role in fuelling the financial strangulation.
science and technology enterprises are the most active and internationally competitive force in China's economy. Cracking down on Chinese science and technology enterprises is an important means to interfere with the healthy development of China's economy, which has actually been the "conspiracy" of the United States. Facing the current challenges, Chinese society should deal with them together with Chinese technology companies
first of all, we should continue to support the technological breakthrough of Chinese science and technology enterprises the most direct reason for the United States to curb Chinese technology companies is their technological competitiveness. Huawei's 5g, Alibaba's cloud computing and chip design, and Xinjiang's civil UAVs are all challenging the technological hegemony of the United States. We should provide a better development environment and public opinion atmosphere for leading enterprises with independent innovation.
secondly, we should promote the healthy development of the Internet industry at our own pace Internet is an important part of high-tech industry. Recently, China has carried out industry regulation. However, it should be noted that China's industry regulation goal is to promote enterprises to do a good job in their main business and deeply cultivate technology, so as to promote the healthier development of the industry. This is fundamentally different from that some forces in the United States want to curb or even cripple China's Internet. In the future, we will continue to encourage and support the development of Internet enterprises and enhance their international competitiveness.
again, we should continue to expand opening to the outside world, as always, we welcome and attract enterprises from all countries, including American enterprises, to invest in China, expand common interests with the outside world, and oppose unilateralism and protectionism of the United States.
finally, we should strengthen regulatory communication between China and the United States although the US side continues to engage in various actions, the CSRC still maintains communication with the US side. At present, the United States is still one of the important listing places for Chinese enterprises. Properly carrying out regulatory cooperation is still conducive to making full use of China's foreign markets and resources. The more some US forces want to exclude Chinese enterprises from the US capital market, the less we can let them do so.
This year marks the 50th anniversary of Nixon's visit to China and the ice breaking between China and the United States. Although China US relations are full of challenges, both sides should not forget the original intention of cooperation. The indictment of Wall Street investors against Ma Yun once again shows that "trees want to be quiet but the wind does not stop". We can only unite and more firmly defend our development rights and interests and support our national enterprisesp align="center">
