Keyu Jin
👤 SpeakerAppearances Over Time
Podcast Appearances
jobs without being regulated like a bank, right?
So that obviously poses a host of financial stability questions and rules and regulations and so forth.
So the fact that IPO was halted, you could say that there were strong economic regulatory grounds for that.
But I think more broadly speaking, if you're an entrepreneur, part of the capitalist class, keep your head down, make money, and that's fine, right?
Do some philanthropy.
There are also many, many other billionaires that are just fine, that are actually very much in favor of the political leadership, and they do their thing.
Now, I'm not saying what's right, what's wrong.
It's just a very, very different culture and different country.
In the U.S., it's great to be colorful.
I mean, you have a very, very colorful president.
He would never have been able to make it in China.
You have the likes of Elon Musk.
It's great to be different.
It's great to stand out.
You do not want to stand out in China.
So the moral of the story is that the top leadership understands that it needs these top entrepreneurs, the likes of Jack Ma.
And they have done so many great things for the country, even for the world.
But in China, garnering too much influence and power
even through social media, doesn't make you look that great.
It's not a good thing for you personally.