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Reuters
Jack Ma, founder of Alibaba
Chinese billionaire Alibaba founder Jack Ma has been “missing” after calling for economic reform, according to media who questioned the reasons for his absence 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 “.
His disappearance came after calling for economic reform in an October 24 speech in Shanghai.
Despite the pandemic, its business performance increased in China in December and maintained pre-epidemic levels.
The billionaire, who has disappeared from the limelight, said: “Today’s financial system is the legacy of the industrial age. We need to create a new generation of young people and we need to reform the current system. “
Foxbusiness reported, citing Yahoo Finance, that Jack was not supposed to participate in the November final episode of “Africa’s Business Heroes”, a competition for African entrepreneurs, but was represented by an Alibaba executive.
Alibaba and Ant Group, the financial services company, came under Chinese government scrutiny after Jack Ma’s speech, and Alibaba faces an antitrust investigation that began in December, while the IPO of Ant Group has been suspended and the company has been notified of the restructuring.
Jack Ma, whose wealth is estimated at $ 58.4 billion, has committed millions of dollars to fight the coronavirus pandemic.
And in the spring, he said he would grant $ 14.4 million from his foundation to fund the development of a coronavirus vaccine in Wuhan, and $ 2.15 million had been allocated to develop a vaccine in Wuhan. ‘Institute for Infection and Immunology in Australia.
Source: “Foxbusiness”
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