Billionaire Jack Ma Suspected Missing After Disappearing From Reality Show

Chinese billionaire Jack Ma criticized Chinese regulators and some state banks in October 2020 – Photo: REUTERS

Billionaire Jack Ma is suspected of missing after two months of not appearing in public. In October, Mr. Jack Ma delivered a speech criticizing the shortcomings of China’s financial management system.

According to the Telegraph (UK) newspaper, the Chinese billionaire, who was no longer in public for weeks after publicly criticizing the Chinese financial management system, is now disappearing from real television shows. she puts on makeup and joins as a member of the jury.

Mr. Ma was not on the reality show “Africa’s Business Heroes”, a game show similar to “The Apprentice” for young entrepreneurs. Africa’s chance to receive grand prizes in the prize pool of up to millions of dollars.

Mr. Jack Ma (Ma Van) is usually a member of the jury who will evaluate the business ideas of the contestants participating in the game show.

At the final show in November, however, his position was replaced by another leader from Alibaba, the company he founded.

Not only that, according to the Financial Times, this multi-million dollar image was also removed from the show’s website and was also taken from the promotional video for this game show.

As one of China’s most successful entrepreneurs, Ma seems to have taken steps that were not satisfied by the local government when he openly criticized the shortcomings of the financial management system and banks. state of China in October 2020.

At the time, in a speech in Shanghai, Mr. Ma called for reform of the financial management system, a system whose current shortcomings, in his view, are stifling innovation and creativity.

About a week later, the Shanghai Stock Exchange ordered a halt to the IPO expected to be worth $ 37 billion by Ant Group, a financial technology company of Mr. Jack Ma’s co-founder.

Also from that moment on the media reported that Mr. Ma no longer appeared in public.

In late December, the Chinese authorities announced an investigation with Alibaba into the alleged monopoly practices and ordered Ant Group to restructure its operations to comply with regulatory regulations.