Chinese Billionaire Jack Ma Re-Emerges Following Disappearance Rumors
China's rock star entrepreneur, who co-founded e-commerce giant Alibaba Group, had not been seen in public since October.
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China's rock star entrepreneur, who co-founded e-commerce giant Alibaba Group, had not been seen in public since October.
Jack Ma Yun, the English teacher turned business magnate behind Chinese e-commerce behemoth Alibaba, appeared during a rural teacher-themed social welfare event via video link on Wednesday, according to media reports.
China’s famous tech magnate and former richest person, Jack Ma or Ma Yun, has reportedly not been seen in public for over two months.
Beijing has... gone after Ma's business empire hard. [R]egulators appear to be forcing Ant to restrict its profitable investment and loan businesses and making the company accept bank-like regulation. Tighter control would ensure that the fast-growing Ant would pose less of a challenge to state control of lending. Rumor has it that Beijing ordered Ma not to leave the country. "His passport has supposedly been held by the Foreign Ministry for a long time," Anne Stevenson-Yang of J Capital Research told Gatestone, passing along financial community gossip. Of course, this series of incidents als...
The Straits Times Jack Ma's absence raises more questions than it answers amid Ant and Alibaba probe Alibaba founder Jack Ma stepped down from the board in 2019, but he has majority control of financial firm Ant.PHOTO: REUTERS https://str.sg/JDLG They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the fir...