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Alibaba’s Jack Ma — Asia’s richest man — is a communist, Chinese media reveals

Jack Ma is a pretty good capitalist, especially for a communist.

China’s state-backed media revealed Monday that the Alibaba Group founder and chairman is officially a member of the Communist Party. Ma is the richest individual in Asia, with about a $35.8 billion fortune, according to Forbes, and Alibaba BABA, +3.78% is an internet juggernaut worth about $390 billion.

Ma’s political affiliation had never been publicly confirmed, and came as a surprise to some. Ma has not been seen as particularly cozy with Beijing, once quipping about his relationship with the Chinese government: “As always, be in love with them, but don’t marry them.

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