Jack Ma, the founder of Alibaba, has not appeared in the public eye in the past two months, including missing the last episode of the TV show where he appeared as a judge. This has sparked social media attention to China’s whereabouts because of China. The regulatory authorities severely cracked down on its business scope.
Since the forum held in Shanghai in late October, the most well-known Chinese entrepreneur has not appeared in public. He criticized China’s regulatory system in a forum, causing him to clashed with officials, resulting in a suspension of 37 billion U.S. dollars (about 9 billion rupees). Initial public offering of Alibaba’s Ant Group’s financial technology division (raised funds of 277 billion rupees).
The Financial Times reported on Friday that Ma Huateng was replaced as a judge in the final episode of an entrepreneur game show called “African Business Heroes” held for entrepreneurs in November.
An Alibaba spokeswoman told Reuters on Monday that the change was caused by a schedule conflict and declined to comment further.
Although news reports that Jack Ma is not in public view have triggered speculation about Twitter, which is blocked in China, this is not an important trending topic on social media in mainland China, and sensitive topics are under censorship.
Since Ma Yun’s speech in October, Chinese regulators have begun to focus on Ma’s business, including launching an antitrust investigation of Alibaba and ordering Ant Financial to change its lending and other consumer finance businesses, including the establishment of an independent holding company to meet capital requirements .
Duncan Clark, chairman of BDA China, a Beijing-based technology consulting firm, said: “I was told to relax.” He said: “This is a very unique situation. It is related to the large scale of ants and their sensitivity to financial regulation. Sexually related.”
Alibaba’s Hong Kong-listed shares fell 2.15% on Monday.
© Thomson Reuters 2020
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