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Chinese billionaire Alibaba founder Jack Ma has disappeared after calling for economic reform, according to media who questioned the reasons for his departure from the limelight relatively recently.
Billionaire Jack Ma, one of China’s richest men and founder of e-commerce giant Alibaba, has not appeared in public for more than two months, according to a report by Yahoo Finance and published by “Foxbusiness “.
Ma’s disappearance came after calling for economic reform in an October 24 speech in Shanghai. Despite the pandemic, the performance of the factory sector in China increased in December and remained at pre-epidemic levels.
The billionaire, who has disappeared from the spotlight, said: “Today’s financial system is the legacy of the industrial age, and we have to create a new generation of young people, and we have to reform the current system.”
Yahoo Finance reported that Jack was not supposed to participate in the last November episode of “Africa’s Business Heroes”, a competition for African entrepreneurs, but was replaced by an Alibaba executive.
Alibaba and Ant Group, the financial services company, have come under Chinese government scrutiny after Jack Ma’s speech, and Alibaba faces an antitrust investigation that began in December, while Ant’s initial public offering Group was suspended and the company was notified of the restructuring.
Jack Ma, whose fortune is estimated at $ 58.4 billion, has committed millions of dollars to fight the coronavirus pandemic.
He said he would grant $ 14.4 million from his foundation to fund the development of a coronavirus vaccine in Wuhan, and an additional $ 2.15 million has been allocated to develop a vaccine at the Institute for Infection and Immunology in Australia.
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