Beijing: The 25th richest in the list of the world’s richest personalities, the owner of Alibaba Group, Jack Ma has been missing for the last two months. According to a report, Jack Ma had recently made comments about the Chinese government, since which he has no idea.
Indeed, Jack criticized China’s ‘interest-seeker’ financial regulators and state-run banks. In his speech delivered at a Shanghai program in October, he made a sharp verbal attack on the rules. He has also had a dispute with Chinese President Xi Jinping since then.
Jack Ma has total assets of $ 50.6 billion. His company, Alibaba Group, is China’s largest e-commerce company. Jack Ma appealed to the Chinese government to make such a change in the system that does not try to suppress the effort to introduce new things in business and make the process easier. He criticized the global banking rules as a ‘club of elders’. His speech was reportedly taken as an attack by the Communist Party of China after his speech.
According to a report, in November 2020, Chinese authorities suspended the $ 37 billion IPO of Jack’s Ant Group, a major loss for Jack Ma. According to a Wall Street Journal report, the order on the Ant Group came from Chinese President Xi Jinping. Investigations were also initiated on his company, Alibaba Group, in this case and he was also asked not to move out of China until the ongoing investigation was completed.
According to reports, Jack mysteriously disappeared in November 2020, just before the finals of the TV show ‘Africa Business Heroes’. Not only this, his picture has also been removed from the show. To this, the spokesperson of his company has said that, Jack is no longer part of the panel of judges due to the dispute of his schedule. Jack finally tweeted on October 10 from his official Twitter account.
