Chinese tech billionaire Jack Ma is missing: Chinese billionaire Jack Ma has not appeared in any public event for nearly 2 months. According to reports, his business has also been under target since the displeasure of the Chinese government, especially President Xi Jinping.
Beijing Chinese tech billionaire Jack Ma, known as Chinese billionaire and Jeff Bezos of Asia, has not appeared in any public event for nearly 2 months. According to reports, not only has the business of Jack Ma been targeted since the Chinese government’s displeasure, especially with President Xi Jinping, but they are also avoiding coming to public events. Even before Jack Ma, many Chinese billionaires have similarly hit the target of the Communist Party or government. After Jack Ma’s disappearance in this way, many kinds of doubts are also being expressed. The founder of ANT Group is also the founder of Jack Alibaba, one of the richest people in China.
According to the Daily Mail reportJack Ma is often available as a speaker at public events in China and is also very popular among the youth for his motivational speeches. In October, Jack Ma accused China’s state-run banks of behaving like ‘usurers’ and said that they give loans only to those who have some mortgage in return. Jack Ma had criticized China’s banking system, calling it old and worn-out, after which he was under criticism. According to reports, the Communist Party and government officials had lodged a strong objection to this opinion of Jack Ma. After this, the world’s largest IPO (initial public offering) of $ 37 billion Ant Group was also postponed following the order of Jinping.
Chinese billionaire Jack Ma has not been seen in public for TWO MONTHS https://t.co/T2t38vP2B0
— Daily Mail Online (@MailOnline) January 3, 2021
According to reports missing from many programs , Jack Ma was supposed to attend several programs in the last two months but at the last time his name was removed from the guest or speaker list. Jack Ma’s name was also suddenly removed from both the famous TV shows Den-style TV show Africa’s Business Heroes. Even his picture has been removed from the show’s poster. It is worth noting that the company producing this show belongs to Jack Ma and he has to be out of his own show. Apart from this, he was announced to come as a speaker from many universities and other places, but his name was removed at the last moment.
Shock of 80 thousand crores!
The last round of 2020 did not prove to be good for Jack Ma. Alibaba’s co-founder Jack Ma has suffered a setback of around $ 11 billion since the end of October. This amount is more than 80 thousand crores in Indian currency. This happened because of increasing their oversight of officers at their company and other large tech groups. Alibaba is one of the largest companies in China. This year Ma’s wealth reached nearly $ 61.7 billion and he was once again close to becoming China’s richest man. According to the Bloomberg Billionaires Index, however, Jack Ma’s net worth declined to $ 50.9 billion. In this list, he has been placed at the fourth position.
China Tightening Screws
China’s regulators have ordered the Ant Group to rectify their businesses. It has also said that the group complies with the regulatory requirements. Ant Group is the world’s largest financial technology company. Let us know that Ant Group started as payment services for Alibaba’s e-commerce platform Taobao. Today this group also offers insurance and investment products. The investigation has intensified in China on anti-monopoly practices. China’s regulators said in a statement on Sunday that China’s Central Bank People’s Bank of China issued summons to the executives of Ant Group on Saturday. They have been ordered to prepare a rectification plan. Plus credit,
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The statement said that the Ant Group lacks governance mechanisms, the group has disregarded regulatory compliance requirements and engaged in regulatory arbitration. It was also said that the company has used its position in the market to exclude its rivals and has damaged the rights and interests of consumers. On Thursday, soon after the announcement of the Anti Trust Investigation against Alibaba, the regulatory agencies also issued a decree that their officials will decide the steps to be taken for monitoring the ant group.
