Insta
China Making Jack Ma 'Embrace Supervision' At Undisclosed Location, 'Advised' Not To Leave The Country
Jack Ma, head of Chinese e-commerce giant Alibaba.
Chinese Billionaire Jack Ma who has mysteriously disappeared from public view after criticising China's regulators and state run banks, is now reportedly "embracing supervision at an undisclosed location" as per Chinese Communist Party mouthpiece People's Daily, Asia Financial Times has reported.
He also 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.
Ma was recently replaced as a judge in the final of TV show 'Africa's Business Heroes'.
"His photograph was removed from the judging webpage, and he was conspicuously left out of a promotional video," the report claimed.
The final took place in November, shortly after Ma "made a candid speech criticising China's regulators and its state-owned banks". Ma also claimed that Chinese bankers had a pawnshop mentality and that China's regulatory framework was unsuitable for Fintech firms like his.
"Ma was dressed down by officials in Beijing and the $37 billion initial public offering of his company Ant Group was suspended. He has not been seen in public since," the report further said.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
