Jack Ma Is a Typical Example of a Red Capitalist’s Fate

Chinese leader Xi Jinping (front row, C) poses for a photo with a group of CEOs and other executives at the main campus of Microsoft Corp. in Redmond, Wash., on Sept. 23, 2015. Pictured are: (front row, L-R): Facebook's Mark Zuckerberg, JD.com's Liu Qiangdong, Cisco's John Chambers, Alibaba's Jack Ma, IBM's Ginni Rometty, Xi Jinping, Microsoft's Satya Nadella, China's internet czar Lu Wei, Apple's Tim Cook, Tencent's Pony Ma, and Amazon's Jeff Bezos. Ted S. Warren/Pool/Getty Images

News Analysis

“Common prosperity” has been storming in Beijing since August. Many Chinese enterprise owners responded to the program enthusiastically with charity donations and pledged their allegiance to the Party through collective activities.