Having a voting and a non-voting class of shares is relatively common around the world, tbh. Jack Ma held 53% of voting shares, so he should've theoretically kept control.
This doesn't really sound like a decision based on the rule of law, but more like a political one designed to specifically hurt Jack Ma's power, especially considering his "absence" a few years ago.
This ruling isn't turning the company into a co-op. All it did is shift power from one group of rich chinese people to another. It's not really anything to celebrate.
The UK spent decades convincing everyone that all bad decisions are made by the EU and all good decisions are made by Westminster. That's the first mistake.
If the UK had properly educated its citizens about what the EU actually was and did, no remain campaign would've been necessary whatsoever. But it was politically convenient to have a scapegoat.
And let's be honest, remain aka "remoaners" had a ton of arguments all the time. But brexiteers just wanted to enter the magical land where the UK still mattered and they'd eat their cake and have it still.