Jim Cramer: What Alipay Reports Say About China's Data Ambitions

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Another brainchild of Alibaba  (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report founder Jack Ma has entered Beijing's sights, according to a report from the Financial Times.

Beijing is reportedly preparing plans to force the split of Ant Group's popular payment app Alipay, while creating a new app that will be at least partially state-owned.

The report emerged as China's Ministry of Industry and Information Technology said it was "guiding relevant companies to carry out self-examination and rectification" of their long-standing practice of blocking access to rivals.

Jim Cramer explained what the move says about potential Chinese data ambitions in the video above. 

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