The Chinese billionaire and Chairman of Alibaba Group, Jack Ma, has reportedly not made a public appearance in the past few weeks and speculations of him to have gone ‘missing’ are becoming stronger.
Recently, as per the reports, Jack Ma was scheduled to appear for the filming of his own talent show, Africa’s Business Heroes, but was instead replaced by another Alibaba executive. This could be either due to the stress of the ongoing tussle between the Chinese government and Jack Ma or due to “conflict in schedules” as claimed by the Chinese e-commerce giant.
Also Read: 24 Girls Share “Pics I Take Of My Boyfriend Vs Pics He Takes Of Me” & Even Singles Are Loving It
Alibaba and Ant Group in recent days have come under XI Jinping’s scrutiny after Ma criticised the XI Jinping government over some of his policies and even called the country’s banks “pawnshops”.
For the unaware, in an undemocratic and authoritarian country like China, speaking against the government can lead to dire punishments and instances of one going missing.
Chinese regulators, in past days, have ordered Ant Group to rehaul parts of its businesses and return to its ‘payments origin.’ Alibaba and Ant Group’s $34 billion initial public offerings (IPO) was also suspended by the Shanghai Stock Exchange.
Also Read: Watch: Goa Rings Into New Year With Parties, Drinks, No Mask & Zero Restrictions
Ant Group, touted to be the world’s biggest IPO, was scheduled for a dual listing on November 5.
Also Read: This Walnut Wood Carving Art From Kashmir Is Pristine, Age-less & A Blessing To The World
Ma, amidst the ongoing trouble, has lost over $11 billion in the last three months. His wealth has come down from the highs of $61 billion in October 2020 to $50.6 billion currently.
