Jack Ma was punished for speaking out against the government's bank lending policy which prevented people without capital from getting it. Almost the exact opposite of "acting against socialism". And again, he's still worth almost $30 billion. Yet you maintain this is somehow socialism, which would require rejecting the private property and capitalism which cornerstones China today.
His punishment further highlights the other tenet of fascism which permits such authoritarian control. If Trump admnistration seized all corporate control (citing their usage for "national interests" or for "the people"), then punished corporate leaders for disagreeing with public policy, would you also say this is somehow not fascism? I imagine you would say he's very much more fascistic than he is today.