Tag: Jack Ma

Alibaba’s Jack Ma resurfaces after months out of public view
21Jan By Mike TrudellNo Comments
China, Market, World

Alibaba’s Jack Ma resurfaces after months out of public view

After mysteriously disappearing from the public eye, Chinese billionaire Jack Ma resurfaced on Wednesday at a video conference."#JUSTIN: #JackMa not disappear, here we go: Ma just had a video conference with 100 village teachers on Wednesday morning, saying: after #COVID19, we'll meet each other again," tweeted Qingqing Chen of Global Times News, a China state-affiliated media.Ma had disappeared from the public eye after Beijing's aggressive crackdown on his business empire.Chen further added that Jack Ma met with 100 rural teachers in the country through video conferencing."Ma, who used to be an English teacher and founder of #Alibaba, also gives wishes to village teachers via a video on Wednesday," tweeted Qingqing Chen.China state-affiliated media also shared a video in which the billio...
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Alibaba group founder Jack Ma suspected missing amid conflict with Chinese regime
4Jan By Joe RodriguezNo Comments
Asia, China

Alibaba group founder Jack Ma suspected missing amid conflict with Chinese regime

Chinese billionaire and Alibaba founder Jack Ma is suspected missing following reports that he has not made any public appearance in the last two months.This comes amid his deepening conflict with the Chinese government.Ma is considered one of China’s internet pioneers, building an ecommerce empire with Alibaba and a fintech giant with the Ant Group.He was to appear as a judge in the final episode of his own talent show, ‘Africa’s Business Heroes' but he did not turn up. Consequently, his photos were reportedly removed from the show’s website. The show provides African entrepreneurs the chance to compete for a slice of $1.5 million prize money.“Due to a schedule conflict Mr Ma could no longer be part of the finale judge panel of Africa’s Business Heroes earlier this year (2020),” an Alibab...
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Billionaire Jack Ma pays a hefty price for offending the Chinese regime
20Nov By Joe RodriguezNo Comments
Asia, China, World

Billionaire Jack Ma pays a hefty price for offending the Chinese regime

The year 2020 could have been the best year for Jack Ma, the billionaire founder of fintech giant Ant Group Co. Ltd. But now, he is paying an extremely high price for challenging the Chinese Communist Party.The state has pulled the plug on the ANT group, which could have been the biggest Fintech Company in the world. The initial public offering of Ant Group, the internet finance giant, was ready with its $34 billion stock debut in Shanghai and Hong Kong.This would have been the biggest IPO, or first sale of stock in the world - greater than the listing of Saudi Aramco, the state-run oil giant, when it went public last year. But the initiative received a huge blow from the Chinese authorities as the government suspended the public listing of the company abruptly.This caused a severe setback...
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