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re-thc

Correct, he is/was backed by a different faction.

Most startups of that era are.

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Which faction? I am curious.

The capitalists ?

Seems like the arch-enemy of communists

You would think, but in China it doesn't seem that way.

There are no capitalists in China. Trace the origins and $$$ all come from some source belonging to a particular faction.

From what I’ve both read and experienced on a brief trip to Shanghai, it seems there are two main factions - the Beijing faction and Shanghai faction. The latter is more capitalist and chill, the former more authoritarian. It’s probably more complicated though, with multiple sub factions around different leaders in the CCP. Maybe someone with deeper knowledge can elaborate.

There's https://en.wikipedia.org/wiki/Tuanpai and https://en.wikipedia.org/wiki/Shanghai_clique. And of course a third one - Xi organized his own clan.

This writeup by a former CCP member now living in exile explains the current functioning of the CCP.

The Weakness of Xi Jinping: How Hubris and Paranoia Threaten China’s Future https://archive.is/d9OsU

That was excellent, thanks for sharing.

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