The founder of Alibaba and Ant group Jack Ma is suspected missing. Reportedly, he has not been seen in public for more than two months.
The 56-year-old businessman has been seen in the spotlight recently as China has cracked down on his business empire.
Recently, Chinese regulators launched an antitrust investigation into Alibaba, the countries biggest eCommerce company that some refer to as ‘the Amazon of India’. And in November China had introduced a series of new regulations that put a halt to what would have been the massive initial public offering of Ma’s fintech company, Ant company.
The modern rules came weeks after Ma criticized China’s financial regulatory system at a meeting in Shanghai. At the conference, Ma dismissed the global financial regulations used by China.
Blair Silverberg, CEO of debt financing startup capital told Business Insider’s Katie Canales that the new regulations were introduced so the government can assert its supremacy over Jack Ma.
In November, Jack was replaced as a judge on the African talent show. The talent show didn’t immediately respond to Business Insider’s request. But an Alibaba spokesperson told that Ma could no longer be the judge for the show’s finale.
Jack Ma stepped down as chairman of Alibaba. Ma was China’s richest man.
Aa a report of Jack’s suspected disappearance has spread.
Last week, the Chinese government ordered the Ant group, to scale back its operations after conveying concerns that its corporate governance wasn’t sound.