Skip to main content
We may receive compensation from affiliate partners for some links on this site. Read our full Disclosure here.

Billionaire Founder Of Ali Baba Has Been Missing Since Speaking Out Against Communist China’s State Owned Banks


2,818 views

This is as shady as it gets.

One of China’s most successful entrepreneurs Jack Ma has not been seen by anyone in the last couple of weeks.

Mr. Ma was scheduled to be a judge in his own “Apprentice-style show” but unexpectedly withdrew himself from appearing on the show and hasn’t been seen in the public ever since.

Ma’s disappearance comes after his strong remarks against China’s Communist-controlled state banks.

China has since issued an anti-monopoly investigation on Ali Baba and told them to restructure their company.

Yahoo News covered Jack Ma’s disappearance and had this to share:

Speculation has swirled around Chinese billionaire Jack Ma’s whereabouts after reports surfaced that the high-profile businessman has not made a public appearance in more than two months.

The Alibaba founder also failed to appear as scheduled in the final episode of his own talent show, Africa’s Business Heroes, which gives budding African entrepreneurs the chance to compete for a slice of US $1.5 million.

Ma was supposed to be part of the judging, but was replaced by an Alibaba executive in the November final, UK’s Telegraph reported. His picture was also taken off the website.

Ma’s business empire, Ant Group, has been under scrutiny by Beijing ever since Ma delivered a controversial speech in Shanghai on 24 October that criticised China’s regulation system for stifling innovation and likened global banking rules to an “old people’s club”.

The Daily Mail had these details to share about Ma’s conflict with China’s Communist rule:

Mystery surrounds the whereabouts of China’s richest man after he criticised the regime.

Despite being one of China’s most successful businessmen, Mr Ma has increasingly clashed with the regime over his preferences for more of an open and market-driven economy. There is no suggestion so far that he has come to physical harm.

And even while tensions between the US and China were deepening, Mr Ma was able to extend an olive branch by donating 2,000 ventilators to New York with his right-hand man Joe Tsai, prompting a thank you from Donald Trump.

Since then, regulators have met with executives from Ant and ordered it to improve its corporate governance, its compliance with regulation and its habit of using its size to push competitors out of the market.

The authorities have also announced an anti-monopoly investigation into Alibaba.

Hopefully, Jack Ma is safe and won’t another person who “mysteriously” died at the hand of the Communist government of China.



 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Hey, Noah here!

Wondering where we went?

Read this and bookmark our new site!

See you over there!

Thanks for sharing!