Where is Alibaba Founder Jack Ma?
First Published Jan 4, 2021, 12:42 PM IST
Alibaba founder and billionaire Jack Ma is believed to be missing. And that too since October 24 when he made his scathing remarks about the Chinese business model.
The Chinese billionaire's whereabouts are reportedly not known ever since October 24 when he made his scathing remarks about the Chinese business model.
Ma had criticised Chinese regulators, claiming that China's biggest risk is that it 'lacks a financial ecosystem' and that the country's banks are like pawn shops where collaterals and guarantees are hard currency.
Beijing' wrath fell upon Jack Ma almost immediately. In one single day, Ant Group Co's $35 billion share sale in Shanghai and Hong Kong was suspended and Ma was called in for "supervisory interviews" and given a dressing down.
Chinese regulators halted what would have been the world's largest share offering in history.
Alibaba and a group company Tencent Holding Limited were fined last month by Chinese regulators for failing to apply for official approval before proceeding with some acquisitions.
Jack Ma's absence from public events since has raised eyebrows. The Alibaba founder even missed his scheduled appearance in the final episode of his own talent show, Africa’s Business Heroes.
An Alibaba spokesperson, however, clarified that Jack Ma was unable to join the judging panel "due to a schedule conflict".
But the fact that Jack Ma photograph was removed from the judging panel's webpage and that he was left out of a promotional video seems to indicate that there's more than that meets the eye.
Ma's Twitter profile hasn't seen any activity since October 10 either.
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