Read Aloud the Text Content
This audio was created by Woord's Text to Speech service by content creators from all around the world.
Text Content or SSML code:
Where is Jack Ma??? Jack Ma,. or Ma Yun, the 56-year-old billionaire founder of Alibaba the country's biggest e-commerce company in China, and Ant Group China's largest digital payment platform Alipay, which serves over one billion users and 80 million merchants, hasn't been seen publicly in more than two months. Ma, the former richest person in China and currently ranked 25 in Bloomberg's Billionaires Index with an estimated net worth of more than $50bn, was due to appear in the November season finale of the entrepreneurial television contest, the African talent show he founded, "Africa's Business Heroes,". The talent show did not immediately respond to Business Insider's request for comment, but an Alibaba representative said Ma could no longer be on the judging panel for the show's finale, which was filmed in November but has not yet been released," due to a scheduling conflict." Ma’s last public appearance was in a high-profile conference in Shanghai last October, where he reportedly criticized China’s regulatory system, calling them an "old people's club" ill-suited to oversee Chinese tech innovation. There has been speculation that Ma's apparent disappearance is related to a speech he gave in Shanghai, criticizing China's banking rules and calling for change. "Today's financial system is the legacy of the Industrial Age," Ma said. "We must set up a new one for the next generation and young people. We must reform the current system." China has cracked down on his business empire. In late December, Chinese regulators launched an antitrust investigation into Alibaba, And in November, China introduced regulations that halted what would have been a massive initial public offering for Ant Group, Ma's fintech company. The new rules came weeks after Ma criticized China's financial regulatory system at a conference in Shanghai. As speculation about Ma's whereabouts spread, a prediction about Ma from another billionaire Chinese businessman recirculated on social media. In a video interview in August 2019, A certain billionaire business man, who fled China as a fugitive in 2014 and has described himself as a whistleblower exposing corruption in the country, said Ma would likely end up in jail or dead in the next year because China wanted to "take back" Ma's lucrative Ant Group. "All of China's billionaires, only two ways: jail, and die." The billionaire business man also said that Ma's involvement in private company Ant Financial causes a "big problem" for China as it challenges the country's banking system and China wants to "take back" the company now known as Ant Group, an affiliate of Ma's Alibaba Group. Ma’s silence is just one of the many cases where business leaders in hot water with Chinese authorities have gone missing. Some of them have returned to their post, while others did not. A year before Ma’s disappearance, retired real-estate mogul Ren Zhiqiang was also nowhere to be found. Zhiqiang is known as an outspoken government critic who has close ties to senior Chinese officials. He ceased to be visible since March 2019, when he allegedly wrote an essay lambasting President Xi Jinping’s response to COVID-19. He was later charged with corruption-related offenses. Zhiqiang, 69, was then sentenced to 18 years in prison and imposed a fine of $620,000. Recently , CNBC's reporter David Faber, reported that its billionaire founder Jack Ma is not missing, but is instead lying low. "He's not missing," Faber said, adding "what I can tell you is that he's very likely in Hangzhou, where Alibaba is headquartered, and is being less-visible, purposefully...but that doesn't mean that he's missing.".... How about you? Do you believe that the business tycoon Jack Ma is not missing and only lying low? or Do you believe that Jack Ma is already in jail and waiting for his sentence? if you like this video please comment your reaction and opinion.... and dont forget to subscribe to our channel, Thank you!