Alibaba’s Group Founder Jack Ma Missing
Alibaba’s Group Founder Jack Ma Missing
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libaba’s Group Founder Jack Ma has been under the scrutiny of the Chinese Government since the Ant’s Group was shut abruptly and speculations are rife that the Chinese Billionaire is missing. He has not been making public appearances over the past two months and the speculations intensified when Ma did not appear as a judge for the final episode of his own show Africa’s Business Heroes.
Since Ant Group’s initial public offer (IPO) was suspended in November last year the government had advised him not to leave the country. This move came following the October speech that he made at a business conference where he had mentioned that China’s regulators and state run banks are hampering opportunities the 56-year old hasn’t been seen publicly. Ma said, “Today’s financial system is the legacy of the Industrial Age. We must set up new one for the next generation and young people. We must reform the current system.”
Alibaba of Jack Ma is inarguably the world’s biggest e-commerce company with millions of users and billions of turnovers in dollars. The three main sites of the group include Taobao, Tmall and Alibaba.com. In India it has invested in e-payments company Paytm, its e-commerce line Paytm mall and Zomato which is a food delivery startup. It also has investments in the grocer BigBasket and online retailer Snapdeal.
