30.7 C
New Delhi

China’s Richest person & Alibaba Founder Jack Ma ‘Missing’after speaking against China’s Communist regime.

Date:

Share post:

China’s richest person and renowned Technology billionaire and the founder of Alibaba, Jack Ma, has disappeared from the public eye for over two months after he came into conflict with President Xi Jinping-led Central Communist Party government of China.

Jack Ma was supposed to appear as a judge in the final episode of his own talent show, ‘Africa’s Business Heroes’, but mysteriously did not turn up for it and as a consequence, his photographs were removed from the show’s website as well.

Theis ‘Africa’s Business Heroes’ show is a healthy competition that gives new African entrepreneurs the chance to compete to get the funding of US $1.5 million from Alibaba group.

Jack Ma, who is known for putting forth his views in the public domain, many times has been labeled as an outspoken person as well. Ma did criticize the CCP (Chinese Communist Party) government’s ‘pawnshop’ financial regulators and state-owned banks in an incendiary speech in Shanghai back in October. He also called for reform of a system that ‘stifled business innovation’, he likened global banking regulations to an ‘old people’s club’.

As expected, this speech angered the Chinese government, which viewed Ma’s criticisms as an attack on the authority of the Communist Party regime, and led to its extraordinary clampdown on Ma’s business activities.

In November, officials in Beijing reprimanded Ma and suspended the blockbuster $37billion initial public offering of his Ant Group on the direct order of President Jinping, the Wall Street Journal reported.

Ma was then advised to remain in China before launching an anti-monopoly investigation into his Alibaba Group Holding on Christmas Eve, according to Bloomberg. Beijing also ordered Ma’s financial tech company Ant Group to scale back its operations.

Ma is one of China’s wealthiest men and his work for the UN and global charity activities in recent years has brought a softer edge to China’s global image. But this incident also establishes a fact that the Communist regime doesn’t like free voice, it doesn’t matter what Jack Ma’s contribution to China, but the moment he spoke against CCP, he is gone.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Rohingya Terrorist groups holding over 1600 Hindus and 120 Buddhists hostage in Myanmar

In what seems to echo the 2017 massacre of Hindus by Rohingya terror groups in Myanmar's Rakhine state,...

Palghar Mob Lynching – ‘Hindu Hater’ Rahul Gandhi blocked the CBI probe proposed by Uddhav Thackeray Govt

Raking up the April 2020 Palghar mob lynching incident, in which two Sadhus and their driver were killed...

Iran launches barrage of missiles and drones Israel; Why has Iran attacked Israel?

Iran has launched hundreds of drones and missiles against Israel, in an unprecedented attack that came as a...

Why Rahul Gandhi is the most EVIL Politician in India?

There is a general perception that Rahul Gandhi is not a serious politician. It is being said that...