Quoted in The Wire China: “The Red Capitalist”

“The reason why Jack Ma and others could build enormous Internet companies is because the Party had no idea what they were doing,” says McGregor. “They became famous globally and made China look very good, but then the Party had to figure out how to get their arms around them.”

https://www.thewirechina.com/2021/01/10/the-red-capitalist/