Jack Ma, China’s third largest billionaire and owner of Alibaba Group, has been missing for the last two months. Since speaking against the Chinese government, he has neither appeared on any platform nor in any program. He had said in Shanghai’s speech – there is no matured financial system in China. Jack Ma had said interest to the banking system.
Where is jack ma
Jack Ma’s criticism was taken as criticism of the China Communist Party. Jack Ma was once called the poster boy of Chinese development. In such a situation, the question is arising whether they are hidden or they have been hidden somewhere. Or is he imprisoned somewhere? Jack Ma is one of the most successful humans, whose speech was listened to by people. Used to be among the top 20 people in the world. Jack Ma was a man who built a business on his own.
Jack Ma’s company performed well
Not only China, but Jam Ma’s Alibaba made a place in the big companies of the world. Former diplomat Anil Trigunayat says that “companies like his ANT group, Alibaba, performed brilliantly in the world.” The multinational company itself becomes like a ruling. Their reach increases in the world. “
Ant Group’s IPO became the reason for Xi Jinping’s hammer on Jack Ma. Investors had bid 3 lakh crore in the Ant Group IPO. It was more than India’s GDP. The target was to raise 2.54 lakh crore rupees. The Ant group had a market value of $ 315 billion. The market value of Ant Group was more than the GDP of Egypt. The record of the oil company Saudi Aramark was known to be broken.
Chinese government’s action on Jack Ma
IPO training was to begin on November 5. The world’s largest IPO was sure to get the award. That means $ 300 billion Jack Ma’s wealth would increase further after the IPO. But, in Shanghai 11 days before November 5, he criticized the Chinese government.
Just 2 days before the market listing in Shanghai and Hong Kong, the Chinese government banned the IPO. After this, the property of Jack Ma and not only Ant Group declined sharply. The Chinese government has ordered an inquiry regarding Jack Ma’s monopoly over Ant Group. Jack Ma’s tweet was last seen on October 10. He has neither surfaced since then nor has he received any tweet.
Also read: Billionaire Jack Ma missing after Chinese regulators action!