Billionaire Jack Ma, who hasn’t been seen in 2 months, is reportedly ‘laying low.’ But other Chinese businessmen who have disappeared from the public after sparring with regulators have faced different fates.
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Yahoo Finance reported Sunday that Jack Ma, the Chinese billionaire who founded Alibaba and Ant Group, hasn’t been seen publicly in more than two months.
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CNBC’s David Faber reported Tuesday morning Ma is being “less visible, purposefully,” but that the businessman hasn’t gone missing.
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Late last year, Chinese regulators launched an antitrust investigation into Alibaba and introduced regulations that halted Ant Group’s initial public offering.
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Other prominent businessmen, like Ren Zhiqiang, a retired real-estate tycoon, and Xiao Jianhua, an asset manager, also disappeared after facing criticism from Chinese regulators.