The founder of Alibaba, Chinese Billionaire, Jack Ma is reportedly missing since October, 2020 after criticizing Chinese government.
As per media reports, in October 12th, 2020, gave a controversial speech which attacked the Chinese Government.
Following his controversial speech, Jack Ma has not appeared in public and show up in his own TV show, Africa’s Business Heroes.
For this reason, Chinese Government halted Ant Group’s giant IPO.
However, US veteran investor Mark Mobius, in an exclusive chat with CNBC stated that Chinese Government halted Ant group giant IPo in order to curtail financial institutions from getting too big.
“I believe the Chinese government stepped in because they realised that they had to regulate these companies, so that they don’t … get too big.
“The Chinese government is waking up to the fact that they cannot allow these companies that dominate a particular sector and particularly the financial sector.”
Jack Mas last tweet was on October 10, 2020.