Alibaba founder who disappeared from the official stand for two months, why?

There are reports that Ma Yun, founder of Alibaba Group, a Chinese IT conglomerate, has not appeared in public for more than two months. Following the cessation of the IPO of new stocks scheduled by a company affiliated with Alibaba and an antitrust investigation into Alibaba, rumors of involvement by the Chinese authorities have been added to the report of the disappearance.

According to reports, Ma Yun did not appear on the official seats from around November 2020, and Chinese authorities are rumored to intervene on social media. Since November 2020, the conflict between the Alibaba Group founded by Ma Win and the Chinese authorities has intensified, and in November, the IPO of Ant Group, an Alibaba affiliated company, was banned. Ant Group is a financial company that operates Alipay, an electronic payment service, and its IPO was expected to be worth $35 billion.

In addition, in December, it was revealed that China’s state market supervision and management general bureau entered into an investigation, alleging that there was a suspicion of a monopoly against Alibaba Group.

The reason for the deepening of the conflict between Ma Yun and the Chinese authorities is the remarks at the conference held in Shanghai on October 24th. At the meeting attended by financial giants and government figures, Chairman Ma Yun publicly criticized Chinese authorities and banks, saying that Chinese financial regulations hinder technological innovation and that economic growth requires reforms. With this remark, the Ant Group IPO was halted shortly before.

Since then, Chairman Ma has disappeared for more than two months in public places, such as canceling his appearance in the final episode of the TV program (Africa’s Business Heroes), which was scheduled to air in November. The program is for African entrepreneurs to carry out a business plan PT, which in turn distributes $1 million in prize money to outstanding people. Chairman Ma Winn was appearing as a judge to evaluate corporate PT, but he did not participate in the final recording. A spokesman for Alibaba Group explained that there was a problem with the schedule regarding Ma’s absence from the program.

Chairman Ma’s Twitter account hasn’t been last updated on October 10th, and various speculations are coming out on Twitter. Meanwhile, in Chinese social media, where authorities censorship is underway, Chairman Ma’s actions are not a hot topic. Related information can be found here .