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As his relationship with the Chinese government deteriorated, billionaire Jack Ma disappeared from the audience for the talent show he created, further proof of the growing harshness of his relationship with President Xi Jinping and the autocratic power. from Beijing.
According to media reports, Jack Ma has been replaced as a judge for the final “Africas Business Heroes”, a televised competition for budding entrepreneurs. Your photo has disappeared from the contest website. The mogul was also excluded from the promo clip for the show. The grand finale took place in November, shortly after the billionaire openly criticized Beijing’s decision-making authorities and state banks.
A historic $ 37 billion listing has been suspended
Following his speech, the Chinese Communist Party reacted vehemently and ordered the suspension of Ma’s historic $ 37 billion public offering for his company Ant Group. After the suspension of Ant Group’s listing, which would have been the largest initial public offering (IPO) of last year, the mogul had no public appearance.
An Alibaba spokesperson said that due to a busy schedule, Jack Ma will no longer serve on the show’s jury, but this explanation is viewed by many Chinese with suspicion, especially since Ma was the face of the popular show that conceived it.
One of the participants in the entrepreneurship contest said that she felt like a living legend when she presented her business to Ma and expressed her concern about his replacement. Ma’s place on the jury went to Lucy Peng, one of Alibaba’s CEOs.
Mom’s Wire Dance with the Chinese Government
At the age of 56, Jack Ma was once a young role model for the communist regime, that exemplary talent that everyone wants, but the relationship deteriorated as Ma became increasingly critical of the Chinese leadership. .
Alibaba, the Asian version of Amazon, brought the mogul $ 35 billion in revenue, but his total fortune is higher. Although he is recognized as one of China’s most prominent businessmen, Ma has stood up to the Beijing regime and called for a more open and market-oriented economy. The former English teacher who became a brilliant businessman is considered a real star in his country, a rock star, which made the communist leaders fear his overwhelming influence among the population.
Under the tutelage of President Xi Jinping, China adopted a ruthless policy against its critics and launched a campaign to arrest all dissidents of the regime. In March 2020, a real estate mogul disappeared after doing so clown on Jinping for how he handled the coronavirus pandemic. Ren Zhiqiang, a billionaire in the field of finance, was sentenced to 18 years in prison after he confessed on his own initiative to several crimes of corruption. Xian Jianhua, also a billionaire in the financial field, was sold to a hotel in Hong Kong in 2017 and taken to mainland China.
Who is the mysterious Jack Ma?
According to the Bloomberg Billionaires Index, Jack Ma is the third richest man in China, surpassed by Pony Ma, the director of video game maker Tencent, and Zhong Shanshan, founder of the beverage company Nongfu, who leads this top.
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