Ma faced an appearance that resulted in the suspension of a $ 37 billion initial public offering by Ant Group, Alibaba’s fintech arm.
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January 4, 2021 1 min read
The location of Alibaba founder Jack Ma has become a subject of speculation on social media due to his absence from public events such as the final episode of a television show in which he was to be a judge.
According to Reuters , the highest-profile businessman in China has not been seen publicly in two months, something that has raised suspicions as his growing business empire is in the midst of Chinese regulatory crackdown that includes the launch of an antitrust investigation. about Alibaba and an order to separate its loan business from its online payments division.
The last time Ma was seen publicly was in Shanghai in late October, where, ironically, he criticized China’s regulatory system in a speech. He subsequently faced an appearance that resulted in the suspension of a $ 37 billion initial public offering from Ant Group, Alibaba’s fintech arm.
It should be noted that speculation about Ma’s disappearance from public view has been mostly on Twitter, a social network that is blocked in China.