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Why Did Alibaba’s Jack Ma Disappear For Three Months? - Business - Nairaland

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Jack Ma Absent From Public View For Two Months After Criticizing China / Temie Giwa-Tubosun Wins $250K Jack Ma’s Netrepreneur Prize / Alibaba Co-founder Jack Ma Announces Plans To Retire At 54 (2) (3) (4)

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Why Did Alibaba’s Jack Ma Disappear For Three Months? by Justseyii: 1:47pm On May 12
Why did Alibaba’s Jack Ma disappear for three months?

Jack Ma was about to become the richest man in China.

In November 2020, on the eve of another commercial success, the outspoken billionaire suddenly went missing.

Ma’s company Alibaba has risen from an online store run from his apartment to one of the world’s largest tech giants.

Today, it reaches nearly 800 million users with services including online shopping, cloud computing and artificial intelligence.

The tech magnate is known for his flamboyant presence and publicity stunts.

He’s thrown parties for thousands of his employees and serenaded them with musical numbers like You Raise Me Up.

His latest venture, Ant Group, commands the digital payment market in China through its Alipay mobile finance app.

Controversial speech

The company is aiming to revolutionise banking in China, shifting power away from traditional institutions.

On 24 October in Shanghai, Ant Group was ready to launch the world’s biggest initial public offering on the stock exchange.

Ahead of this, Ma addressed an assembly of high-profile figures with a controversial speech that criticised the Chinese financial system.

He was not seen in public again until late January. In the interim, there were rumours that he might have been placed under house arrest or otherwise detained.

Some even questioned if he was still alive.

Summoned from on high
Ma’s story is investigated as part of The Real Internet Giants, a new two-part series for BBC Radio 4, presented by entrepreneur Kathryn Parsons.

The Alibaba founder had accused Chinese banks of operating with a “pawn-shop mentality”. He had also claimed that the authorities were trying to “use the way to manage a railway station to manage an airport” when it came to regulating the new world of digital finance.

These statements angered the banking establishment and reportedly reached the attention of President Xi Jinping.

read more https://www.studentvillage.com.ng/questions/question/why-did-alibabas-jack-ma-disappear-for-three-months/
Re: Why Did Alibaba’s Jack Ma Disappear For Three Months? by AfriNotesNEWS: 2:11pm On May 12
He was cretic against the role of China and USA in manufacturing COVID

He was not happy on that... So the Government Of China wanted to nail him.. him jarun

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