Is Jack Ma lacking? Speculations rise as enterprise tycoon not seen publish fallout with Chinese govt

Chinese enterprise tycoon and Alibaba Group founder Jack Ma, who’s beneath scrutinity by the Chinese authorities, has reportedly not been seen in public for almost two months. Lack of updates relating to him on social media has additionally fuelled speculations that he might need gone lacking.
Not solely this, the enterprise tycoon has not been posting on social media for some time now. His final publish on Twitter was on October 10.
According to a latest report by the Financial Times, Ma was just lately changed as a decide within the closing of the TV present ‘Africa’s Business Heroes’.
The report additional stated that “his photograph was removed from the judging webpage, and he was conspicuously left out of a promotional video.”
According to the report, the ultimate of the present occurred in November, shortly after Ma “made a candid speech criticising China’s regulators and its state-owned banks”.
An Alibaba spokesperson informed Financial Times that Ma couldn’t seem on the present resulting from a schedule battle.
Lack of Jack Ma’s presence within the public eye has come beneath query at a time when two of his firms – Alibaba and Ant – have come beneath the scrutiny of China’s market watchdog over an antitrust investigation.
China’s market watchdog had final month launched an investigation into alleged anti-competition practices by the e-commerce agency Alibaba, and in addition laid out a “rectification plan” for Jack Ma’s fintech enterprise Ant Group.
A TechCrunch report at finish of December stated that People’s Bank of China had summoned Ant Group for regulatory talks on December 26, saying a sweeping plan for the fintech agency to “rectify” its regulatory violations.