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Photo: Jack Ma (flickr.com-worldeconomicforum2)
Chinese billionaire and Alibaba founder Jack Ma did not appear in public for several weeks after criticizing the PRC’s financial system. Also in his statement he came out in favor of reforms in the country.
The independent reports.
The Alibaba founder has not posted a Twitter post since October 10. He was also unable to appear in the final episode of the Jack Ma Foundation talent show Africa’s Business Heroes, where 10 African entrepreneurs were giving away a $ 1.5 million grant.
Ma criticized the PRC’s financial system in late October during a speech at the summit. He also claimed that Chinese banks operate with a “pawn shop” mentality.
The announcement came a few weeks before the planned initial public offering (IPO) of Ant Group, a subsidiary of Alibaba. At the same time, the listing was recognized as the world’s largest IPO on the stock market – its value was about $ 35 billion. However, regulators in the People’s Republic of China halted the listing, citing “serious problems”.
We will recall, previously RBC-Ukraine wrote that the United States introduced new visa restrictions against various Chinese officials.
