Alibaba founder Jack Ma is reportedly not missing and has been laying low amid China’s crackdown on his businesses
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Alibaba and Ant Group founder Jack Ma is not missing as was speculated, according to CNBC reporter David Faber.
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Faber said Tuesday that Ma hasn’t been “captured” or “taken,” but is instead being less visible on purpose and is likely in Hangzhou, where Alibaba is based, according to a source.
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Yahoo Finance earlier reported Ma to have been missing since China yanked Ant’s monster would-be $37 billion IPO in early November.
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The Chinese billionaire publicly snubbed the nation’s financial regulatory system, prompted China to dig into Ant’s financials, set new lending