Alibaba Founder Jack Ma: The Chinese regulators had earlier abruptly suspended Jack Ma-owned Ant’s blockbuster $37 billion IPO in Shanghai and Hong Kong, which was the world’s biggest public offering
Alibaba Group founder Jack Ma, who has been under China government’s scrutiny since the sudden suspension of Ant’s blockbuster $37 billion IPO in Shanghai and Hong Kong has not been seen in public for more than two months, according to some media reports.
Alibaba Founder Jack Ma Be Missing For 2 Months: Reports
Accordind to reports, Jack Ma not even shown up for the final episode of his own talent show, Africa’s Business Heroes in November and an Alibaba executive had taken his place at the show.
Alibaba and rivals such as Tencent Holdings are facing increasing pressure from regulators after amassing hundreds of millions of users and gaining influence over almost every aspect of daily life in China.
Last month, China’s antitrust authorities had launched a probe into Jack Ma’s e-commerce conglomerate Alibaba Group Holding and China’s central bank had asked the group to shake up its lending and other consumer finance operations.
Ant Group IPO, which was seen as the world’s biggest public offering and was scheduled to be simultaneously listed on Shanghai and Hong Kong bourses, on 5th November, was halted in China less than 48 hours before going public.
Meanwhile, in an address in October, Jack Ma had famously attacked Chinese regulators for “lagging the times”.
Jack Ma’s Alibaba is arguably the world’s biggest e-commerce company with millions of users and billions of dollars in turnover. It has three main sites, including Taobao, Tmall and Alibaba.com.
In India, Alibaba has investments in payments company Paytm and its e-commerce arm Paytm Mall, food delivery start-up Zomato, online grocer BigBasket and online retailer Snapdeal, among others.
For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Subscribe us –All news Online News Channel
Get the Latest and Breaking News, Entertainment News, Technology News, Sports News Like Cricket, Government Jobs Alert, Government Results and Health & Fitness News here.
