Alibaba and Ant Group founder Jack Ma has been under scrutiny by Beijing since he delivered a speech back in October that some criticised China’s regulatory system.
Little over a week later, Ant Group’s US$37 billion IPO, which had already received the green light, was suspended, with the Shanghai Stock Exchange saying Ant Group had reported “significant issues such as the changes in financial technology regulatory environment”.
Next, we heard that the Chinese Communist Party were launching an antitrust investigation into Alibaba, along with others.
Now, we hear that he failed to turn up to his reality tv show.
According to various reports, the last time he was spotted in public was late October. His last tweet was also in that month.
The communist country has zero tolerance approach to those that criticise the country and its leadership.
Back in March a leading property tycoon disappeared after he called President Xi “a clown” for his handling of the COVID-19 pandemic. It appears that he was sentenced to 18 years in prison after he apparently “voluntarily confessed” to various crimes.
Jack Ma is highly respected around the world and the companies he has founded form a pilotable part of the Asian platform economy.