Founder of Ali Baba and Ali Express, Jack Ma disappeared for over two months after critisizing chinese government.
He was last seen in October 2020 while adressing a technology forum in Shanghai, China.
The founder of Ali Baba and Ali Express has been missing for the last two months. He has never made a public appearance and also has suspiciously appeared on teh final episode of the TV show where he was supposed to be the judge.
This news comes after the Chinese Government is forcing Jack Ma to cut down his businesses in China by dissolving it.
Jack Ma Disappeared!
During his speech at Forum back in October 2020 in Shanghai, the tech-entrepreneur has also criticized the Chinese regulatory system, which put him in a risky situation with the Chinese government, resulting in the $37 billion IPO suspension of Alibaba’s Ant Group fintech arm.
Jack was also replaced as a judge in the final episode of Africa’s Business Heroes, a game show for entrepreneurs, The Financial Times reported.
Citing Reuters, Ali Baba spokesperson, said this is due to a “scheduling conflict,” while the spokesperson declined to comment further.
His disappearance became a trending topic on Twitter, but China has banned Twitter in the country. Many Twitter users are concerned about Ma’s whereabouts.
Chinese Government vs Ali Baba
The Chinese government has also initiated an anti-trust probe into Ali Baba. Chinese regulators have also taken all the money out from all the businesses owned by Jack Ma, reported The Express Tribune.
Due to his speech last October, Chinese authorities have also ordered to probe in Ant and other consumer finance businesses to meet the capital requirements.
AliBaba’s listed shares on Hong Kong stock exchange has also fallen by 2.15% on monday.
This is a developing story, more details will be added on this page, stay tuned.
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