Jack Ma

Jack Ma, popular Chinese business mogul, billionaire and founder of Alibaba have been missing in action for about two months now. His sudden disappearance from the last episode of the African TV show, Africa’s Business Heroes further fuelled questions as to his whereabouts.

The show, which took place in November, gives budding African entrepreneurs the chance to compete for US $1.5 million.

Ma was supposed to be a judge on the show but was replaced by an Alibaba executive.

An Alibaba spokesperson told the BBC: “Regarding the Africa Business Hero competition, Jack had to miss the final due to a scheduling conflict.”

The broadcaster said Alibaba did not confirm or deny Ma’s absence and would not comment on his current whereabouts.

His last appearance

Ma has not been seen in public since 24 October, according to several media reports.

His last appearance was at a speaking event in Shanghai where he blasted China’s banking system.

“Today’s financial system is the legacy of the Industrial Age,” Ma said in the speech.

“We must set up a new one for the next generation and young people. We must reform the current system.”

The speech resulted in the suspension of an Alibaba affiliated IPO, Ant Financial, (valued at a record-setting US $37 billion).

Chinese regulators have focused on Ma’s businesses since his speech and have even launched an antitrust probe into Alibaba.

In Africa’s Business Heroes, contestants last year pitched their ideas directly to Ma to win prizes from his charity the Jack Ma Foundation.

He has supported African businesses and entrepreneurship and launched several initiatives on the continent.

He is one of China’s wealthiest men and has also worked with charities and for the United Nations. During the coronavirus pandemic, he also donated tens of millions of masks around the world.

This article is sourced from:https://www.africanews.com