Photo by World Economic Forum on Flickr.com
It was determined that Jack Ma, the founder of Alibaba, fled the country under pressure for his statements against the Chinese government.
Jack Ma, the founder of Chinese e-commerce giant Alibaba and one of the richest business people in the world, has recently been on the radar of the Chinese government.
In his October 2020 speech, Jack Ma criticized market regulators and public banks in China for being “behind the times”.
Following these criticisms, the Beijing administration stopped the simultaneous public offering of Ant Group, of which Ma is the founder, on the Hong Kong and Shanghai stock exchanges, and also launched an antitrust investigation against Alibaba Group disappeared.
Jack Ma, the 2nd richest person in China, suddenly disappeared due to the increasing pressures from China, and then, although he reappeared earlier this year, he was silent again.
Jack Ma’s whereabouts revealed
It turned out that Alibaba founder Jack Ma, who was under pressure for his statements against the Chinese government, fled the country.
It was stated that Jack Ma, who was known as one of the most powerful rulers of China for a while, fled with his family to Tokyo, the capital of Japan, and started living there. Relatives of the billionaire also said that Ma regularly travels to the United States and Israel.
China does not want e-commerce companies to grow
According to the report published in the past months, the total financial value of Alibaba, Ant Group, and Tencent has reached $ 2 trillion, which is well above the financial value of the Bank of China, which is managed by China.
Disturbed by this situation, the government prepared a new bill to prevent the growth of e-commerce giants.
Alibaba has more than 881 million active mobile users in the country. The population of China is approximately 1 billion 400 million. This situation worries the Chinese government.