But where is Jack Ma? The Chinese billionaire, creator of the e-commerce site Alibaba and 25e richest man in the world, according to Bloomberg’s ranking, has been “missing” since the end of October. Since that date, he has not appeared in public, underlines the Financial Times. Coincidentally or coincidentally, on October 24, he made a speech that was particularly critical of the Chinese regime. Enough to fuel speculation.
The last few weeks had already all of the descent into hell for Jack Ma. After his noticed speech in which he called for a reform of the Chinese financial system, the self-made man of 56 years had fallen out of favor. Summoned by the authorities, he was also the subject of financial sanctions. Beijing had chosen to suspend the IPO of Ant, Alibaba’s online bank. The cancellation of the operation that would have raised at least 35 billion dollars on the financial markets has plunged the share of Alibaba on the stock market. Then, on December 24, the Communist regime announced the opening of an investigation, suspecting the group of “monopoly practices”. However, during this period of time, despite the problems encountered by his company, Jack Ma, did not appear in public once, underlines the London financial daily.
A digital disappearance?
In November, Jack Ma should have been present in the jury for the final ofAfrica’s Business Heroes, a show that gives voice to entrepreneurs from the African continent and allows them to potentially earn $ 1.5 million. But, Jack Ma was absent, replaced by Lucy Peng, a senior executive of the Alibaba group. According to a spokesperson for the group, the replacement would be linked to a scheduling problem. But, the photo of Jack Ma also disappeared from the show’s website and from a promotional video, the Financial Times. At the same time, Jack Ma’s last tweet is from October 10, 2020.
As pointed out The world At the end of December, the Chinese regime did not hesitate to neutralize businessmen who have been critical of power in recent months. Beyond Jack Ma, several entrepreneurs have thus been the target of the authorities. Ren Zhiquiang, a real estate tycoon was sentenced to 18 months in prison, Sun Dawu, the founder of Dawu Group and his wife were arrested after criticizing the police intervention on the Weibo social network. As the daily reports, these arrests come as the party’s central committee decided to strengthen the presence of the Chinese Communist Party (CCP) in companies.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
