Is China Poised to Nationalize Alibaba?

The Breakdown

Today on the Brief:

• Whales accumulated during yesterday’s crash
• Kentucky legislators introduce bill to attract crypto miners
• UBS lowers the threshold for charging savers because of negative interest rates

Our main discussion: What China’s prospective nationalization of Alibaba has to do with the nation’s digital currency efforts.

In this episode, NLW:

• Gives a background on China’s digital currency project
• Discusses why the DCEP is motivated by a larger attempt to internationalize the RMB
• Background on Alipay, Ant Financial and Alibaba
• How Alibaba founder Jack Ma annoyed the CCP and why he hasn’t been seen publicly in two months

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