Jack Ma who disappeared along with 4 other billionaires 'laying low': Equity firm CEO

Chairman of personal fairness ncy Primavera Group, said on January 14 that Alibaba founder Jack Ma, who h disappeared along with four or Chinese billionaires is ‘safe and sound’. business tycoon h been missing since October 2020 after he me disparaging statements against Communist-ruled China’s government and was reported off rar by several Chinese run media outlets. Ma’s remarks h preliminary public providing IPO of Ant Group terminated on vember 3 and he was summoned by PRC’s communist party members over Alibaba Group Holding Ltd.’s CEO’s critical statements against Chinese authorities. 

‘He is laying low’, Bloomberg reported Fred Hu as saying, citing that Ma h visited Alibaba executives in early 2019 once. Back n his company was about to start a $35 billion initial public offering of Alibaba-affiliate Ant Group Co. However, in late October, Ma t only condemned Chinese financial regulators publicly but also berated communist regime in China that me survival of business empires difficult to sustain in country. This led to anti-mopoly investigation against business tycoon and government ordered domestic media to restrict reporting on Chinese business conglomerate. Following that year of Chinese government initiated an antitrust probe, Ma’s whereabouts became unkwn as he went off public rar, raising speculations about his well being. 

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China’s Secret Detentions Act 

While Alibaba’s spokesperson h publicly refused to make statements about Ma’s location, Primavera Group CEO and former Chinese Goldman Sachs’ chairman clarified in media that Ma was intact well, and physically sound. Ma was increasingly skeptical about disappearance of a Chinese judge who skipped Africa’s Business Heroes for budding entrepreneurs and his posters were removed from contest. When Ma disappeared, this led Chinese tech billionaire to criticize China’s regulators and authoritarian leer Xi Jinping.

Tycoons called Ma’s disappearance as a ‘design’ by CCP for presenting dissenting views against his government publicly. Many speculated that Ma was arrested under China’s Secret Detentions Act formed in 2013. Many prominent Chinese business tycoons critical of China’s communist regime h ‘mysteriously’ disappeared since including Fan Bingbing, ex-Interpol chief Meng Hongwei, businessman and investor Guo Guangchang, and ex-real estate tycoon Ren Zhiqiang. 

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(Im Credit: AP)