Jack Ma, the world’s third richest Chinese billionaire, disappeared for two months, appearing nowhere after criticizing the Chinese government.
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6 days ago
On October 24, Jack Ma sharply criticized the Chinese government’s policies. Since then, the Chinese government has been in a frenzy. Jinping also canceled the મા 37 billion IPO of Jack Ma’s company.
Jack Ma, founder of the bald Chinese company “Alibaba” and once the first wealthy businessman in China, has been missing for more than two months. He criticized the Chinese government in October, but has not been seen since. He was set to appear as a judge in the latest episode of his own talent show ‘Africa’s Business Heroes’, which also sparked speculation that Alibaba’s Lucy Peng had been appointed to replace him. A photo of Jack Mani was also removed from the judge’s panel on the show’s website.
What was in the controversial speech?
In a speech on October 24, 2020, he sharply criticized the policies of Chinese usurious financial regulators and Chinese state banks. Jack Mae also called on the Chinese government to change the system that prevents new innovations in business. He also compared the World Bank’s rules to “seniors clubs”.
Naturally, this speech angered the Chinese conservative Communist government. He took Jack Mani’s comments as a direct attack on his Communist Party.
Jack Ma’s gun fell on Jinping’s orders
In November 2020, barely a month after the speech, Chinese authorities canceled the મા 37 billion IPO of Jack Mana Ant Group. The order to cancel the IPO came directly from President Xi Jinping, according to the Wall Street Journal. Jack Ma was then told that Jack Ma could not leave the country until the ongoing investigation against the Alibaba Group was completed.
Then there’s the news of Jack Ma missing from that reality TV show. Meanwhile, Jack Ma hasn’t appeared anywhere for two months. Ahead of this controversial speech, on October 10, Jack Mae posted a post from his social media account thanking Prince William-Kate and other world leaders for the opportunity to share the stage at the Earthshot Prize for Climate Change. Since then, their social media accounts have also collapsed.
Jack Ma’s sterile investment is also in India
In India, Jack Mana has invested heavily in Alibaba Group’s Paytm, food delivery start-up Zomato, e-grocery service Big Basket, e-commerce company Snapdeal and its logistics wing Expressbis.