After months away from public view — which fuelled speculation — Chinese billionaire Jack Ma resurfaced on January 20, and was seen addressing rural educators at an event that was streamed live. JACK MA NOT SEEN Ma was not seen in public after he delivered a speech at a conference in Shanghai in October 2020. In the speech at the conference, he had severely criticised the market regulation system put in place in China, called the banks ‘pawnshops’, and and suggested that the system “stifled business innovation”. The absence came to notice early in January, when Ma didn't appear in the final episode of Africa’s Business Heroes, a TV show in which he was to be a judge. The Alibaba Group, which Ma co-founded more than two decades ago, cited a scheduling conflict as reason for his absence. However, the absence was seen with suspicion as it had come at a time when Ma and his companies were facing a crackdown from Chinese regulators. CRACKDOWN ON ALIBABA Ma had founded Aliba...
Comments
Post a Comment