In China as a business person it's extremely dangerous to become too powerful or rich, especially now. Maybe you could have gotten away with it 15 years ago. China of today is very different from China of the late 1990s and 2000s.
If Jack Ma had held onto his original contrived Ant position, he'd nearly be the richest person on earth, with a potential chokehold on finance, industry and retail in China. That position could have plausibly been worth several hundred billion dollars to him personally over time. That's not something you want to aspire to currently in China.