The Chinese billionaire and Alibaba founder Jack Ma has been noticeably absent from public life, reports Business insider.com.
Yahoo Finance reported on Sunday that Ma hadn’t been seen publicly in more than two months. Ma missed an appearance in November on a TV talent show he founded. Another Alibaba executive replaced Ma, and the show’s website removed Ma’s picture, The Telegraph reported.
Chinese regulators recently opened an antitrust investigation into Alibaba, Ma’s e-commerce giant. Ant Group, Ma’s financial-services company, has drawn the ire of Chinese banks that accused it of stealing business from them. The country introduced regulations in November that halted Ant Group’s initial public offering.
Ant Group and Alibaba were not immediately available for comment, said the website.
courtesy: https://www.businessinsider.com/
