The Chinese business tycoon, investor, and philanthropist. Jack Ma is a former executive chairman and co-founder of Alibaba Group, a multinational technology conglomerate. Jack Ma is a strong proponent of a market-driven economy.
On October 24, during the Bund Finance summit, the tech magnate had attacked the communist nation bank system called for rectification. He had also said that Chinese banks operate with a pawnshop mentality. After that, Jack Ma has reportedly gone missing for over two months after his controversial speech. Jack Ma had not made any public appearance, with which mystery about his whereabouts has only deepened. What were the exact words Jack Ma said?
The first point of view is that we have always had some inertia in our thinking. For example, to be in line with international standards, we must be developed countries in Europe and the United States, and we do not have the so-called gaps. The nation must fill the domestic gaps and treat the domestic gaps as the goal that is pursued.
The internet was shaken to its core and after almost two months, Jack Ma has resurfaced again after months of Public view that fueled intense speculations about the plot of the billionaire grappling over his internet empire. Ant confirmed the authenticity of the local video in an email. The Higher-ups of the company had kept out of public view since early November when the Chinese government torpedoed Ant’s $35 billion IPO, then ordered an overhaul and launched a separate antitrust probe into Alibaba
The fuss against twin companies drove home, how Beijing had lost patience with the outsize power of its technology moguls, perceived now as a threat to the political as well as financial stability President Xi Jinping prizes most.
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