Alibaba owner Jack Ma reappeared after many months, why has he disappeared?

Jack Ma

Beijing: Chinese billionaire and Alibaba founder Jack Ma, once the world’s richest person, has been missing for the past several months. But finally, he has been seen in Hong Kong. According to the news agency Reuters, Jack met some business associates here over food.

In October last year, after criticizing the policies of the Chinese government, Jack Ma suddenly disappeared for several months after criticizing Chinese financial regulation in a speech. However, after this, he was seen in January. But after the October incident, Alibaba founder Jack Ma has appeared in public on very few occasions.

In October 2020, Jack Ma raised questions on China’s regulatory system in his speech. Because of this, he had to face the anger of the Chinese Communist government. Not only this, the $37 billion IPO of their Ant Group fintech arm was also suspended.

Since October’s speech, Chinese regulators have turned a blind eye to Jack Ma’s business since his speech in October. An anti-trust investigation was started against Alibaba. Not only this, but he also ordered Ant to separate its core business of lending from its online payments division.

Jack Ma, once one of China’s most outspoken businessmen, does not come into the public eye for months and does not make any statements publicly.