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Chinese billionaire Jack Ma has not been seen for more than two months after publicly attacking Beijing finance officials – even skipping his own reality show, according to reports.
The Alibaba founder was criticized in October for a speech in which he attacked China’s financial regulatory system for stifling innovation, calling for reform of what he called an “old people’s club” , noted The Telegraph.
Within days, Chinese regulators halted the debut of $ 37 billion in shares of Alibaba’s financial subsidiary, Ant Group, and launched an anti-monopoly investigation into known e-commerce giant Ma. under the name of “Amazon of China”.
Ma has not been seen in public since her controversial speech, The Telegraph said, and her latest tweet was even earlier in October.
Speculation began to swirl around his whereabouts when he failed to stand as a judge in the finale of an “Apprentice” -style TV show he created, “Africa’s Business Heroes,” a noted by the UK Financial Times (FT).
One of his last tweets was about the show, with Ma gushing out of the finalists, “I can’t wait to meet them!”
In addition to being replaced for the final, Ma’s photograph was removed from the judges’ webpage and he was excluded from a promotional video, the FT said of the final filmed in November but not yet released. in its entirety.
A spokesperson for Alibaba accused a “scheduling conflict” of missing the finale of his own show which he enthusiastically tweeted, the FT said.
“We have nothing to add beyond that,” a spokesperson told Business Insider.
Before the scandal, Ma was the richest man in China, worth over $ 60 billion, Business Insider said.
His net worth has since been hit by $ 12 billion in the past two months as regulators focused on his business, and he is now the fourth richest person in China, according to the Bloomberg Billionaires Index.
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