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Chinese tech billionaire Jack Ma VANISHES from his own reality show as Beijing launches probe into his 'monopoly'
Daily Mail ^ | 01/01/2021 | Lucy White

Posted on 01/01/2021 9:00:47 PM PST by SeekAndFind

Mystery surrounds the whereabouts of China’s richest man after he criticised the regime.

Jack Ma has vanished from his own TV talent show and there has been no sign of him since late October.

The 56-year-old is said to have made around £35 billion from creating Alibaba, the Asian version of Amazon, and was a poster boy for the communist regime.

But China’s rulers seemed to turn against him after he criticised regulators and state-owned banks at a financial technology conference in October.

His profile has gone from the judging webpage of Africa’s Business Heroes – a Dragons’ Den-style TV programme for budding entrepreneurs. The final took place without him and he is also absent from promotional videos.

Weeks before the final in November, Mr Ma had tweeted that he ‘couldn’t wait’ to meet the contestants. There has been no activity since then on the father-of-three’s Twitter account, one that had regularly seen several tweets a day.

Despite being one of China’s most successful businessmen, Mr Ma has increasingly clashed with the regime over his preferences for more of an open and market-driven economy. There is no suggestion so far that he has come to physical harm.

Until recently he had been a leading light of China’s unique approach to generating wealth by unleashing market forces within a tightly-controlled communist framework.

The English teacher turned business magnate commanded near rock star status and even played an unconquerable kung fu master in a star-studded 2017 film.

And even while tensions between the US and China were deepening, Mr Ma was able to extend an olive branch by donating 2,000 ventilators to New York with his right-hand man Joe Tsai, prompting a thank you from Donald Trump.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: alibaba; china; communism; jackma; ma; ventilators
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The stock market launch of Mr Ma’s payments firm ANT was scuppered by regulators in what many saw as a retaliatory move for his explosive speech in Shanghai in October.

In the process Mr Ma, who is married to Cathy Zhang, 55, has completely disappeared from public view – a sudden change all the more remarkable given his previously huge public profile.

The authorities have also announced an anti-monopoly investigation into Alibaba.

1 posted on 01/01/2021 9:00:47 PM PST by SeekAndFind
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To: SeekAndFind

Alibaba's founder Jack Ma, is China's richest entrepreneur and one of the country's best-known figures


2 posted on 01/01/2021 9:01:45 PM PST by SeekAndFind
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To: SeekAndFind

Who owns the Brooklyn Nets now?


3 posted on 01/01/2021 9:03:15 PM PST by nickcarraway
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To: nickcarraway

RE: Who owns the Brooklyn Nets now?

I did not know that Jack Ma has a stake in one of the NBA teams ...


4 posted on 01/01/2021 9:04:23 PM PST by SeekAndFind
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To: SeekAndFind

Doesn’t he know what he can get away with? I don’t speak Mandarin and I’ve never been to China, but I know that you can’t get away with criticizing the government


5 posted on 01/01/2021 9:04:38 PM PST by nickcarraway
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To: nickcarraway
Who owns the Brooklyn Nets now?


"Owns....Owns!"

6 posted on 01/01/2021 9:05:18 PM PST by dfwgator (Endut! Hoch Hech!)
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To: nickcarraway

He has too much influence for his own good.


7 posted on 01/01/2021 9:05:26 PM PST by MinorityRepublican
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To: nickcarraway

MORE TROUBLE FOR JACK MA:

https://asia.nikkei.com/Business/China-tech/Jack-Ma-s-Alibaba-and-Ant-targeted-by-China-regulators

TITLE: Jack Ma’s Alibaba and Ant targeted by China regulators

[EXCERPT]

Chinese authorities launched an antimonopoly investigation against e-commerce company Alibaba Group Holding and summoned executives at its Ant Group finance affiliate for talks, in a sign that Beijing is heightening its crackdown on Jack Ma’s business interests and the power of the country’s tech giants.

Alibaba’s shares fell sharply in response to the probe. Its Hong Kong-traded shares ended 8.1% lower at HK$228.20.

In one of the first probes of its kind into the influential conglomerate founded by Ma, the State Administration for Market Regulation said that, in response to complaints, it is investigating allegations that Alibaba has required vendors to list products exclusively on its platforms.


8 posted on 01/01/2021 9:06:11 PM PST by SeekAndFind
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To: SeekAndFind

The real cancel culture!


9 posted on 01/01/2021 9:06:43 PM PST by Lockbox
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To: SeekAndFind

“Hit the Road, Jack...and don’cha come back no more no more no more no more....”


10 posted on 01/01/2021 9:07:45 PM PST by dfwgator (Endut! Hoch Hech!)
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To: Lockbox
The real cancel culture!

We are already seeing it here and it will intensify. This is why the tech boys and media or going with the Democrat Party ideological line. They are trying to survive what they see coming. It is the common people who do NOT have a clue.

11 posted on 01/01/2021 9:09:16 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: MeneMeneTekelUpharsin

or=are


12 posted on 01/01/2021 9:09:32 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: SeekAndFind

Until recently he had been a leading light of China’s unique approach to generating wealth by unleashing market forces within a tightly-controlled communist framework.

Market forces and government control are like matter and anti-matter.


13 posted on 01/01/2021 9:13:12 PM PST by Flick Lives (#resist)
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To: SeekAndFind

Ha ha Ma.

ChiCom through and through. Success based in ChiCom thugocracy in the first place.

He can’t complain.


14 posted on 01/01/2021 9:14:07 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: SeekAndFind

CitizenFreePress just vanished off the web also.


15 posted on 01/01/2021 9:14:46 PM PST by GreatRoad ('In a time of universal deceit, telling the truth is a revolutionary act' )
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To: SeekAndFind

Think the same couldn’t happen to Bezos if he falls out of line with the Deep State?


16 posted on 01/01/2021 9:15:32 PM PST by dfwgator (Endut! Hoch Hech!)
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To: SeekAndFind

In china, nothing belongs to you, even your own person. The CCP will crush anyone or anything they deem necessary to their own power and survival.


17 posted on 01/01/2021 9:16:58 PM PST by PGR88
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To: PGR88
In china, nothing belongs to you, even your own person. The CCP will crush anyone or anything they deem necessary to their own power and survival.

You think it's any different here, now?

18 posted on 01/01/2021 9:17:46 PM PST by dfwgator (Endut! Hoch Hech!)
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To: nickcarraway

“Doesn’t he know what he can get away with? I don’t speak Mandarin and I’ve never been to China, but I know that you can’t get away with criticizing the government”.

Ma is Communist party. He is government.

He’s scum like all of them. This is infighting power struggle.

He used the oppressive state to make his money. Now he gets to feel it.


19 posted on 01/01/2021 9:17:58 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: PGR88

Ma is CCP.


20 posted on 01/01/2021 9:19:05 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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