China takes action: The communist rulers allegedly want to smash Alipay.
The measure is part of a whole series of blows against the fast-growing technology industry.
Be it founders who criticize and disappear like Jack Ma, cartel fines like Alibaba or threats against entire markets like the gaming industry that should be treated like drugs.
The signs are clear: nothing and no one is safe from Xi Jinping and his subordinates. And how voluntary it was that the targeted Alibaba group would like to spend 13 billion euros on charity after China asked companies to do so, probably only the board members themselves know - investors punished the group heavily for this. In the end, the reasons and backgrounds are irrelevant: be it fear of growing power, desire for revenge or honest concern for the stability of the market - a counter-reform is in full swing.
Of course, China is far away, but the shock waves can hit Europe quickly. Not only because some investors are invested in corresponding stocks. They could face more than they'd like. If multibillion-dollar corporations can be robbed of their business foundations in one blow, this can also send shock waves through the global economy.