Where is Jack Ma? Tech tycoon silent as China gets tough with his business

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 99%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Jack Ma's businesses are under enormous pressure right now. But the co-founder of China's most successful tech empire and legendary billionaire entrepreneur hasn't been heard from in months.

that Beijing was seeking to shrink Ma's empire and potentially take a larger stake in his businesses, citing Chinese officials and government advisers familiar with the matter.. The newspaper reported that Ma was replaced as a judge during the November filming of the last episode of "Africa's Business Heroes," a television contest for entrepreneurs.during the online finale on Nov. 14.

He added that Beijing wants its narrative about the Ant Group IPO to dominate the public conversation — and that the company likely knows that it won't help to have any "diversity of opinion" on the issue.While Ma no longer holds executive or board level positions at either of the companies he co-founded — heshareholder with nearly 5 per cent worth about $25 billion.

for example, featured remarks he made at an education forum in China. Ma has also been a high profile speaker at major international events such as the World Economic Forum. Days later, Chinese regulators summoned Ma and Ant Group executives to conduct what authorities called "regulatory interviews," and the IPO was pulled. Oanda market analyst Jeffrey Halley wrote at the time that the comments "clearly didn't resonate in the halls of power in Beijing."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Isn’t he the one that was kicked off his own TV show for criticizing the CCP, and hasn’t been seen by anybody be since? For like months?

He had been arrested in Vancouver airport.

China should make ctv dissappear

Busy getting ready in Davos, Switzerland event 2021? Ask Freeland, both she and Ma are trustees on the World Economic Forum.

Ask your friends in China, CTV.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines