AliBaba founder missing after criticizing Chinese Fin System


Chinese billionaire Jack Ma has not made any public appearance in the past several weeks since he criticised China’s state financial system and advocated reforms, leading to speculations about his whereabouts in the media.   

Mr Ma, who is the founder of e-commerce platform Alibaba, has not tweeted anything for nearly three months now, since his last post on 10 October last year.  

He recently failed to appear in the final episode of Africa’s Business Heroes, a talent show of the Jack Ma Foundation in which 10 emerging African entrepreneurs are given a shared $1.5m (£1.09m) grant for pursuing their ideas.  

The Chinese billionaire was replaced as a judge in the final episode of the show by Alibaba’s co-founder Lucy Peng and his picture was also removed from the judging webpage, reported the Financial Times.

The news report also quoted an Alibaba spokesperson who stated that Mr Ma could no longer be part of the finale of the show “due to a schedule conflict”.

On 24 October 2020, during a speech at a summit, the 56-year-old tech magnate had attacked the communist nation’s banking system and called for reforms. He had even said that Chinese banks operate with a “pawnshop” mentality.