Alibaba Group

The World Bank’s reformed business index will survey private enterprises directly. As the CCP increasingly squeezes China’s private sector, experts warn that its ranking may plummet.

In 1993, the CCP was still under Jiang’s control. Kuok, who had never been in the media business, spent a huge amount of money on the purchase of SCMP.

Jack Ma, China’s second richest man, is an e-commerce magnate, the owner of several entertainment companies, and now an English media mogul.