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Where is Jack Ma, missing since October? Jack Ma, the Chinese billionaire currently under scrutiny by the government of China, has reportedly not been seen in public for several weeks. This has led to speculations that Ma could be missing. According to recent reports, Ma was scheduled to appear for the filming of his own talent show, Africa’s Business Heroes but was instead replaced by another Alibaba executive. The Chinese e-commerce giant told Financial Times that Ma couldn’t appear on the show due to a conflict in schedules. Jack Ma’s whereabouts have come under questioning at a time when his companies - Alibaba and Ant Group have increasingly come under scrutiny in China. Alibaba and Ant Group, founded and guided by Ma, are currently faced with an antitrust probe for alleged monopolistic practices. Chinese regulators have ordered Ant Group to rehaul parts of its businesses and return to its ‘payments origin.’ Reports also indicate that Alibaba had earlier been warned by the regulators for its practice where “merchants are required to sign exclusive cooperation pacts preventing them from offering products on rival platforms.” And that wasn’t all. Earlier in November 2020, Alibaba and Ant Group's $34 billion initial public offerings (IPO) was suspended by the Shanghai Stock Exchange.
Where is Jack Ma, missing since October? Jack Ma, the Chinese billionaire currently under scrutiny by the government of China, has reportedly not been seen in public for several weeks. This has led to speculations that Ma could be missing. According to recent reports, Ma was scheduled to appear for the filming of his own talent show, Africa’s Business Heroes but was instead replaced by another Alibaba executive. The Chinese e-commerce giant told Financial Times that Ma couldn’t appear on the show due to a conflict in schedules. Jack Ma’s whereabouts have come under questioning at a time when his companies - Alibaba and Ant Group have increasingly come under scrutiny in China. Alibaba and Ant Group, founded and guided by Ma, are currently faced with an antitrust probe for alleged monopolistic practices. Chinese regulators have ordered Ant Group to rehaul parts of its businesses and return to its ‘payments origin.’ Reports also indicate that Alibaba had earlier been warned by the regulators for its practice where “merchants are required to sign exclusive cooperation pacts preventing them from offering products on rival platforms.” And that wasn’t all. Earlier in November 2020, Alibaba and Ant Group's $34 billion initial public offerings (IPO) was suspended by the Shanghai Stock Exchange.