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As China intensifies crackdown, Jack Ma's Alibaba starts scaling down businesses Decision to stop Xiami Music service comes days after Ma's Alibaba group announced to fold its financial operations as Chinese regulators stepped up crackdown on Jack Ma's financial technology empire BusinessToday.In | January 6, 2021 | Updated 11:50 IST Chinese billionaire and Alibaba co-founder Jack Ma Chinese billionaire Jack Ma's company Alibaba has decided to shut down its music streaming platform, Xiami Music, from February, indicating the company's plan to stay away from Chinese entertainment industry. Th...

Chinese billionaire Jack Ma not missing, being ‘less visible’ purposefully Chinese billionaire Jack Ma not missing, being ‘less visible’ purposefully Alibaba founder and Chinese billionaire Jack Ma, who was suspected missing a few days ago, is likely "laying low" at the moment. It is also unlikely that Ma has been arrested as some earlier reports claimed. advertisement Chinese billionaire Jack Ma. (Photo: Reuters) Chinese billionaire and Alibaba founder Jack Ma may not be missing but is “laying low” at the moment after his comments against China's government regulators. The 56-yea...