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Chinese Billionaire Jack Ma suspected missing

The Chinese Billionaire Jack Ma who hasn’t made a public appearance for a while now is speculated to be missing after he didn’t appear in his own reality TV show, Africa’s Business Heroes. Instead, he was replaced by another Alibaba executive.

In fact, his images were taken off from the official website of the Reality show which he was supposed to judge.

The Chinese e-commerce giant told Financial Times that Ma couldn’t appear on the show due to a conflict in schedules.

Ma headlined when he went on to publicly criticize the Chinese regulators and had called the country’s banks “pawnshops”. “Mortgages and guarantees are for a pawnshop, but if we go to extremes in relying solely on collateral assets, certain enterprises will pledge all of their assets, and the pressure [for them] is enormous,” he had said in October, 2020.

Soon after the speech, Ant’s IPO was suspended with Shanghai Stock Exchange saying Ant had reported “significant issues such as the changes in financial technology regulatory environment”.

Chinese authorities launched an anti-monopoly investigation into Alibaba in late December and told Ant Group to restructure its operations.

According to the Bloomberg Billionaires Index, Ma has lost over $11 billion in the last three months.

Also, Ma is usually very active on social media, but his last tweet came on 10 October.

Image Courtesy: Google Images / Getty Images

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