Absolutely correct. Jack Ma was smart enough to realize he had amassed too much wealth, power, and influence to remain in the good graces of The Party. He was, essentially, one step ahead of the firing squad (or at least a major state contrived scandal which would land him in jail for a decade).

This seems to be the opposite of the US system where, once you amass that amount of wealth, power, and influence, you get to control the major political parties.