LIVE: Where Is Jack Ma? Searching for the Billionaire in His Hometown
(Jan. 11) Chinese billionaire Jack Ma hasn’t been seen in months. Bloomberg Quicktake is in his hometown of Hangzhou to ask if anyone’s seen him.
Billionaire Ant Group Co. co-founder Jack Ma skipped a recent taping of an African TV program he created, spurring speculation online about his whereabouts and the outcome of an investigation into his internet empire.
Ma hasn’t been seen in public since Chinese regulators torpedoed Ant’s $35 billion IPO, then tightened fintech regulations and launched an antitrust probe into Alibaba Group Holding Ltd. -- all in a span of days. The Financial Times on Friday reported that the showrunners of the Shark Tank-like “Africa’s Business Heroes” replaced him as a judge in a November telecast and removed his photo from the show’s website, around the same time Ma delivered his now-infamous rebuke of the “pawnshop” mentalities of government overseers.
The flamboyant Ma -- long a fixture on the international conference circuit -- all but vanished from public view thereafter. As of early December, the man most closely identified with the meteoric rise of China Inc. was advised by the government to stay in the country, a person familiar with the matter has said. An Alibaba spokesperson said Ma couldn’t attend due to scheduling conflicts, declining to comment specifically on the executive’s whereabouts.
Ma may have his hands full dealing with escalating scrutiny. The crackdown on Ma’s companies has set in motion a string of regulatory decrees that threaten to reshape the landscape for China’s online operators. Regulators are now studying plans to force Ant to divest equity investments in some financial companies, curbing the company’s influence over the sector, a person familiar with the matter has said.
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Видео LIVE: Where Is Jack Ma? Searching for the Billionaire in His Hometown канала Bloomberg Quicktake: Now
Billionaire Ant Group Co. co-founder Jack Ma skipped a recent taping of an African TV program he created, spurring speculation online about his whereabouts and the outcome of an investigation into his internet empire.
Ma hasn’t been seen in public since Chinese regulators torpedoed Ant’s $35 billion IPO, then tightened fintech regulations and launched an antitrust probe into Alibaba Group Holding Ltd. -- all in a span of days. The Financial Times on Friday reported that the showrunners of the Shark Tank-like “Africa’s Business Heroes” replaced him as a judge in a November telecast and removed his photo from the show’s website, around the same time Ma delivered his now-infamous rebuke of the “pawnshop” mentalities of government overseers.
The flamboyant Ma -- long a fixture on the international conference circuit -- all but vanished from public view thereafter. As of early December, the man most closely identified with the meteoric rise of China Inc. was advised by the government to stay in the country, a person familiar with the matter has said. An Alibaba spokesperson said Ma couldn’t attend due to scheduling conflicts, declining to comment specifically on the executive’s whereabouts.
Ma may have his hands full dealing with escalating scrutiny. The crackdown on Ma’s companies has set in motion a string of regulatory decrees that threaten to reshape the landscape for China’s online operators. Regulators are now studying plans to force Ant to divest equity investments in some financial companies, curbing the company’s influence over the sector, a person familiar with the matter has said.
---
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Connect with us on…
YouTube: https://www.youtube.com/user/Bloomberg
Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews
Twitter: https://twitter.com/quicktake
Facebook: https://www.facebook.com/quicktake
Instagram: https://www.instagram.com/quicktake
Видео LIVE: Where Is Jack Ma? Searching for the Billionaire in His Hometown канала Bloomberg Quicktake: Now
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