It looks like the CCP may have disappeared Jack Ma. China has been moving toward neo-Maoism in recent years.
By Allana Akhtar
- Yahoo Finance reported that Jack Ma, the Chinese billionaire who founded Alibaba and Ant Group, hasn’t been seen publicly in more than two months.
- Late last year, Chinese regulators launched an antitrust investigation into Alibaba and introduced regulations that halted Ant Group’s initial public offering.
- Other prominent businessmen, like Ren Zhiqiang, a retired real-estate tycoon, and Xiao Jianhua, an asset manager, also disappeared after facing criticism from Chinese regulators.
The Chinese billionaire and Alibaba founder Jack Ma has been noticeably absent from public life.
Yahoo Finance reported on Sunday that Ma hadn’t been seen publicly in more than two months. Ma missed an appearance in November on a TV talent show he founded. Another Alibaba executive replaced Ma, and the show’s website removed Ma’s picture, The Telegraph reported.
Chinese regulators recently opened an antitrust investigation into Alibaba, Ma’s e-commerce giant. Ant Group, Ma’s financial-services company, has drawn the ire of Chinese banks that accused it of stealing business from them. The country introduced regulations in November that halted Ant Group’s initial public offering.