A Chinese businessman and Alibaba Group Founder Jack Ma is missing after revealing the official news by some media reports. He has been under China Government’s scrutiny since the abrupt suspension of Anti’s blockbuster $37 billion initial public offerings in Shanghai and Hong Kong has not been seen in public for more than two months. Official reports suggest that Jack did not even appear for the final episode of his own talent show.
Alibaba Founder Jack Ma Missing For Last 2 Months
Africa’s Business Heroes in November and an Alibaba executive had taken his place at his show. Alibaba Rivals such as Tencent Holdings are facing increasing pressure from regulators after amassing hundreds of millions of users and gaining influence over almost everyone’s daily life of China’s populations.
Last month or year, China’s antitrust authorities launched a probe into Ma’s E-commerce mixture of Alibaba Group Holding and China’s central bank asked the group to shake up its lending and also other related consumers finance operations.
The campaign against Alibaba and its peers got into high now, after Jack attacked Chinese regulators in a public address for staying behind everything.
China has been going down on anticompetitive behaviour in the country’s booming internet sector. Also, they all are now looking into investments made by Ant over the past few years. Here are so many deals and synergies behind this rationale.
If we talk about India, Alibaba has also invested in Payment company Paytm and its E-Commerce arm Paytm Mall App, also invested in food delivery services like Zomato, online grocery service BigBasket and online Snapdeal retailer.
Jack mysteriously disappeared from his TV reality show just before the final of November. But before a few weeks of final, Jack tweed that he can’t wait to meet his contestant in the show.
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