Alibaba founder Jack Ma is lying low for the time being, but he’s not missing

FAN Editor

After reports speculating about Alibaba founder Jack Ma’s whereabouts, CNBC’s David Faber reported Tuesday that the billionaire is not missing, according to a person familiar with the matter. Instead, Ma has been lying low for the time being, Faber reported.

Outlets including The Wall Street Journal reported this week that Ma has not been seen in public since he spoke at a forum in late October where he appeared to be critical of China’s financial regulators.

Shortly after, Ma’s Ant Group saw its record-setting initial public offering suspended by stock exchanges in Shanghai and Hong Kong. Ma and two Ant Group executives were summoned and interviewed by regulators in China, the China Securities Regulatory Commission said in a November statement.

Subscribe to CNBC on YouTube.

Free America Network Articles

Leave a Reply

Next Post

Oil breaks above $50 for the first time since February

U.S. West Texas Intermediate crude futures, the U.S. oil benchmark, broke above $50 on Tuesday for the first time since February. The move higher marks a steady comeback for oil prices after the coronavirus pandemic and subsequent demand loss sent futures prices tumbling, and briefly into negative territory last April. […]