Jack Ma stealing tens of billions of dollars from Softbank and Yahoo by giving himself a very large stake in Ant Financial (completely unsupported by his ownership % in Alibaba), divesting it out of Alibaba without proper compensation.
Something like that is nearly unthinkable in the US or Western Europe. It would be equivalent to Jeff Bezos spinning off AWS and giving himself 2/3 ownership of it, without approval from AMZN shareholders.
You aren't making a fair comparison here. You will never be able to make a 1-1 comparisons between individuals in two countries. Jeff Bezos and Jack Ma are different people and live in different countries; their actions are based on their environment.
The heart of your argument is that a corporation is executing a transaction that could possible be illegal elsewhere: the US or Western Europe is better because this would not be possible here.
If that is your argument, I can think of two examples off the top of my head:
1. Goldman Sachs executive in 1MDB scandal
2. Banks offloading their mortgage-back securities positions by selling the directly opposite positions to their clients
Corporations executing shady transactions in the US or Western Europe is not as uncommon or "unthinkable" as you might imagine. Your argument stems from a enthocentric point of view and romanticizing one system over another by neglecting all the bad from one side.
You are not using the term "What aboutism" right. My argument isn't about Americans does it also, but rather providing counter argument to op's that it is "unthinkable" to think it would happen in the US or Western Europe.
I also fail to see how Chinese companies has anything related to my argument. Just because Chinese companies were involved doesn't weaken it.
You are seeing things through tinted shades before you even have the chance to analyze my argument. You are framing the argument as China vs US. I am pointing out the flaw in op's argument. See the difference ;). Your reply was rude.
Rumors said that Alibaba's IPO involved Boyu Capital. Jiang Zhicheng, the grandson of former President Jiang Zemin, was stake holder of the latter one. No wonder why Alibaba got through all the obstacles establishing its payment service under a murky supervision in early 2000s.
Something like that is nearly unthinkable in the US or Western Europe. It would be equivalent to Jeff Bezos spinning off AWS and giving himself 2/3 ownership of it, without approval from AMZN shareholders.