[Clara Ferreira Marques] Ant, Yukos and warning to rebel tycoons
Jan 6, 2021
In the thick of it, back in Moscow in 2003, it never seemed possible that the onslaught would go as far as it did. In the end, it took only months for Russian oil tycoon Mikhail Khodorkovsky to find his empire under siege, and not much longer for the edifice to crumble. The parallel between the Yukos Oil debacle almost two decades ago and the crackdown on Alibaba Group Holding and affiliate Ant Group over the past weeks will seem at best inexact. And, to be clear, it is. Jack Ma didn’t be