Translated by: Ermat

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In 2022, 1, 26, the People’s Daily reported that the website of the State Supervision Commission of the Central Commission for Discipline Inspection (CCDI) announced that Zhou Jiangyong, a former member of the Standing Committee of the Zhejiang Provincial Party Committee and former secretary of the Hangzhou Municipal Party Committee, was expelled from public office and party membership. According to the notification of the Central Commission for Discipline Inspection and State Supervision Commission, Zhou Jiangyong’s problems involved various aspects such as politics, economy, and cadre selection and appointment.

For example, he was in violation of the central government’s decision and deployment, colluded with capital, supported the disorderly expansion of capital, engaged in superstitious activities, irregularly equipped security guards, used official vehicles, illegally selected and appointed cadres at the request of private business owners, illegally received huge amounts of money and belongings together with his relatives, and engaged in family corruption, etc.

The most interesting phrase here is that of collusion with capital and support for its disorderly expansion. People understand that this capital refers to Ma Yun.

Zhou Jiangyong, the former secretary of the Hangzhou Municipal Party Committee, has a younger brother named Zhou Jiangyong, who is currently an associate professor at the School of Management of Shanghai University of Technology. In 2018 his research includes the study of new media models based on big data and the study of the analysis of subway mobile payment AFC transformation scheme. In addition to his identity as a university teacher, Zhou Jianyong is also a businessman. The information of SkyEye search shows that besides being a shareholder of Yongrun Industry and Trade, Zhou Jianyong also invested 18 million yuan to establish Shanghai Intergrun Energy Technology Co.

He also serves as chairman of a company called Youcheng United Information Technology Development Co. which was established on June 30, 2016, with a registered capital of more than 11.66 million yuan.

On March 22, 2019, Youcheng United underwent a shareholding change. Shanghai Yunxin Venture Capital Co., Ltd. took a stake in the company with a 14.28% shareholding. Yunxin Venture Capital is a 100% owned subsidiary of Ant Group. The chairman of Ant Group, Mr. Ji Xiandong, is the legal representative of the company. After the shareholding change was completed, Ji Gang, vice president of Ant Group and head of the strategic investment department, served as a joint director of Youcheng. That is, Jack Ma’s Ali Department invested in Youcheng United, of which Zhou Jiangyong’s brother Zhou Jiangyong is the chairman.

In November 2019, Youcheng United entered Hangzhou and established Hangzhou Railway Youcheng Technology Co. with Hangzhou Metro Group Co. and Yunxin Venture Capital. The shareholdings of the three companies are 55%, 31.5% and 13.5% respectively. A year before this, Zhou was promoted to the Standing Committee of Zhejiang Provincial Party Committee and Secretary of Hangzhou Municipal Party Committee.

Zhou held a mobilization meeting five months after he took charge of Hangzhou, announcing the launch of a plan to “build the first city of digital economy in China”.

From November 2020 to June 2021, Ucity has won five projects, four of which were procured by Digital Dongyang Technology Operation Co. Digital Dongyang is a 30% owned affiliate of Uptown United.

From August 2020 to early 2021, Youcheng United also took the layout of face recognition and rail transit information projects in Zhoushan, Ningbo and Hangzhou.

So the digital city built in Hangzhou is the company Youcheng United, jointly held by Ma and Zhou Jiangyong, Zhou’s brother, to provide project operations. So now Zhou Jiangyong was expelled from public office and party membership, Ma Yun also has one foot in prison, not even to mention Ma’s crimes in other areas.