Chinese billionaire Jack Ma suspected missing for 2 months

Komal FatimaWeb Editor

04th Jan, 2021. 02:46 pm
Jack Ma

Jack Ma, the founder of Alibaba Group, has not been seen in public for more than two months.

Jack Ma has been under the Chinese government’s scrutiny since the suspension of Ant’s blockbuster $37 billion initial public offerings (IPO) in Shanghai and Hong Kong.

Media reports say that Jack Ma did not even appear in the final episode of his own talent show Africa’s Business Heroes in November. Alibaba’s executive took part in the show on Jack’s behalf.

The billionaire has also not tweeted anything for around three months now, since his last post on 10th October in 2020.

The report also quoted an Alibaba spokesperson who stated that Mr. Ma could no longer be part of the finale of the show “due to a schedule conflict.”

Alibaba and other companies such as Tencent are facing pressure from regulators gaining millions of users and creating a huge impact on Chinese people.

China’s antitrust authorities had launched an investigation into Alibaba Group Holding. China’s central bank had asked the group to change its lending and other consumer finance operations.

Jack Ma’s Alibaba is the world’s biggest e-commerce company, having millions of users and billions of profit. It has three main websites Taobao, Tmall, and Alibaba.com.

Adsense 300 x 250