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Jack Ma Who Was 'Embracing Supervision By Chinese Communist Party' Makes First Public Appearance Since October 2020
Swarajya Staff
Jan 20, 2021, 12:16 PM | Updated 12:16 PM IST
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Chinese Billionaire Jack Ma who has mysteriously disappeared from public view after criticising China's regulators and state run banks, on Wednesday (20 January) made first appearance in public since October 2020, reports The Times of India.
Tianmu News, a news portal under Zhejiang Online, a government-backed news website has reported that Alibaba Group founder Jack Ma met with 100 rural teachers in China via a video meeting on Wednesday.
According to some earlier reports from Chinese Communist Party mouthpiece People's Daily, Jack Ma was "embracing supervision at an undisclosed location".
He was also reportedly been 'advised' by the communist government not to leave the country.
Ma, the founder of Alibaba Group who is worth a whopping $60 billion has been termed as a "money-grabbing vampire who exploits the poor", by Chinese state outlets.
In November 2020, the Wall Street Journal reported that the Chinese President Xi Jinping personally scuttled Ant Group's USD 37 billion initial public offering.
Jack Ma, the founder of Ant Group, is said to have earned the wrath of Chinese leadership for launching a public attack on the country's financial watchdogs, regulatory landscape and state-owned banks.
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