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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