The Taiwan Times
  • News
    • Asia
    • World
    • Opinion
  • Politics
  • Business
  • Technology
  • Entertainment
  • Sports
  • Health
    • COVID-19
  • Local Guides
    • Northern Taiwan
      • Keelung
      • Taipei
      • New Taipei
      • Taoyuan
      • Hsinchu
      • Miaoli
    • Central Taiwan
      • Taichung
      • Changhua
      • Yunlin
      • Nantou
    • Southern Taiwan
      • Chiayi
      • Tainan
      • Kaohsiung
      • Pingtung
    • Eastern Taiwan
      • Yilan
      • Hualien
      • Taitung
    • Outlying Islands
      • Kinmen
      • Penghu
The Taiwan Times The Taiwan Times
  • News
    • Asia
    • World
    • Opinion
  • Politics
  • Business
  • Technology
  • Entertainment
  • Sports
  • Health
    • COVID-19
  • Local Guides
    • Northern Taiwan
      • Keelung
      • Taipei
      • New Taipei
      • Taoyuan
      • Hsinchu
      • Miaoli
    • Central Taiwan
      • Taichung
      • Changhua
      • Yunlin
      • Nantou
    • Southern Taiwan
      • Chiayi
      • Tainan
      • Kaohsiung
      • Pingtung
    • Eastern Taiwan
      • Yilan
      • Hualien
      • Taitung
    • Outlying Islands
      • Kinmen
      • Penghu
FOLLOW US
59K
2K
21K
  • Asia
  • Business
  • China
  • News
  • World

Alibaba Founder Jack Ma Missing After Criticising Chinese Regime

  • 2 minute read
Total
65
Shares
Share 65
Tweet 0
Pin it 0
Up next
UK Appoints New Ambassador To Sensitive Mogadishu Post
    Published on 04 January 2021
    Author
    Amy Wu
    Tags
    • Alibaba,
    • Ant Group,
    • Asia,
    • Beijing,
    • Business,
    • China,
    • corruption,
    • finance,
    • Jack Ma,
    • Shanghai
    Share article
    The post has been shared by 65 people.
    Facebook 65
    Twitter 0
    Pinterest 0
    Mail 0
    Amritsar: Chinese billionaire and founder of multinational technology company Alibaba, Jack Ma, is missing after not having made any public appearances for more than two months.

    This comes amidst Ma’s deepening conflict with the Chinese government.

    Ma was to preside as a judge in the final episode of his own talent show — ‘Africa’s Business Heroes’– but he was not present, and he was replaced by an Alibaba executive, according to reports, which also highlighted that Ma’s photos have been removed from the show’s website.

    This particular show provides a platform for African entrepreneurs to compete for a slice of US$1.5 million in 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),” reports quoted an Alibaba spokesperson as saying.

    Over the past few months Ma’s Ant Group has been under scrutiny after he criticised the Chinese regime in his controversial speech delivered in Shanghai on October 24th.

    Ma had criticised China’s regulations for stifling innovation and said that Chinese banks operated with a “pawnshop” mentality.

    He further said “Today’s financial system is the legacy of the Industrial Age… We must set up a new one for the next generation and young people. We must reform the current system.”

    According to a report by Reuters, several senior financial regulatory officials were furious at Ma’s criticism, and one Reuters’ source said the speech was a “punch in their faces.”

    Over a week later, this criticism saw Chinese officials reprimanding Ma and suspending Ant Group’s $37-billion initial public offering, which had already received approval to go-ahead from China’s securities watchdog.

    The Shanghai Stock Exchange has now said that Ant Group had reported “significant issues such as changes in (the) financial technology regulatory environment.”

    Chinese authorities, reportedly, launched an anti-monopoly investigation into Alibaba in late December, and told Ant Group to restructure its operations.

    Reports also noted that the general office of the State Council has supposedly compiled a report on public sentiment about Ma’s speech and submitted it to senior leaders including China’s President Xi Jinping.

    Ma last tweeted on October 10th.

    This article first appeared in the NFA Post and is republished with permission.
    You May Also Like

    Taiwan to Impose Health Declaration Forms on All Visitors

    Those failing to accurately do so face a fine of up to NT$150,000
    • Mark Buckton
    • February 12, 2020
    • 6 shares
      6
      0
      0
    • 1 minute read

    Despite Trade War, Taiwan Raises Economic Forecast For 2020

    The ongoing US-China trade war seems to be impacting everyone, except perhaps
    • Guest Article
    • November 30, 2019
    • 1 minute read

    In Taiwan, Southeast Asians Find Roots In A Bookstore

    Humans often tend to create and sustain differences between each other. In
    • Guest Article
    • November 29, 2019
    • 2 minute read

    Fitness Club Shut Due To Coronavirus Fears

    despite a requirement (for) self-quarantine … club member chose to visit the Yawei fitness club
    • Mark Buckton
    • February 13, 2020
    • 1 minute read
    YouTube
    View on YouTube
    Follow Us
    Facebook 59K Likes
    Twitter 2K Followers
    Instagram 21K Followers
    Categories
    Recent Posts
    • Poland fighter jets
      • News
      • Politics
      Poland approves sale of 4 MiG-29 fighter jets to Ukraine
      • Taiwan Times Media
    • Taiwan's TMSC
      • Technology
      US would not let China control Taiwan’s semiconductor factories: Robert O’Brien
      • Taiwan Times Media
    • Russian fighter jets
      • News
      • World
      Russian fighter jet downs US drone over Black Sea: Report
      • Taiwan Times Media
    • Taiwan soldier
      • China
      • News
      Taiwan Soldier, who went missing last week, found in China
      • Taiwan Times Media
    Search
    Advertisement
    Poland fighter jets

    Poland approves sale of 4 MiG-29 fighter jets to Ukraine

    It is well known that the war between Russia and Ukraine is
    • Taiwan Times Media
    • 2 minute read
    Taiwan's TMSC

    US would not let China control Taiwan’s semiconductor factories: Robert O’Brien

    We all know that the situation between China and the US is
    • Taiwan Times Media
    • 2 minute read
    Russian fighter jets

    Russian fighter jet downs US drone over Black Sea: Report

    We know that the tensions between the US and Russia are at
    • Taiwan Times Media
    • 2 minute read
    Taiwan soldier

    Taiwan Soldier, who went missing last week, found in China

    There are increased tensions between Taiwan and China and after the third
    • Taiwan Times Media
    • 2 minute read
    The Taiwan Times
    59K
    2K
    21K
    • About Us
    • Contact Us
    • Meet The Team
    • Editorial Policy
    • Disclaimer
    • Privacy Policy
    • Support The Taiwan Times
    • Sitemap
    台灣國際報 The Taiwan Times
    Taiwan's Trusted Journal - We ♥ Taiwan
    Copyright © The Taiwan Times All Rights Reserved