Alibaba Group owner Jack Ma, one of China’s richest businessmen, has once again appeared in front of the world, putting an end to many speculations. Jack Ma had been missing since the Chinese clampdown on the Alibaba group, some were speculating about his going to Singapore and someone was talking about his house arrest. Some even speculated that China had kept him in a high security prison. But all these speculations have now come to an end. Because for the second time within a month, Jack Ma has appeared in the world. This time he has been seen playing golf in China.
On the condition of anonymity, Bloomberg has been quoted by people familiar with the matter that Jack Ma, co-founder of Ant Group & Company and Alibaba Group, this time ‘The Sun Valley Golf Resort’ located in Hainan Province, China. I have been seen playing golf. Located in the south of Hainan Island, this resort is known for its beauty and spectacular views. Earlier on 20 January, he first appeared virtual during a social welfare program for rural teachers through a video link. Jack Ma has publicly appeared for the first time after the Chinese regulator cracked down on Alibaba and Ant Group.
An observer at the Sun Valley Golf Resort reported that Jack Ma was seen playing as a novice. Jack Ma’s playing golf is evidence that he is not imprisoned in a Chinese prison. However, Alibaba, Ant Group and Sun Valley Golf Resort have all declined to comment. Let me tell you that on January 20, when he met 100 rural teachers from all over the country (China) through video in the annual program for teachers, then he said that we will meet again when the corona epidemic is over.
Such tightening began. China screws. In
fact, summons were issued to Ant Management by Chinese financial regulators on November 2, just before Ant’s planned dual list in Shanghai and Hong Kong. In November last year, Chinese authorities had suspended a $ 37 billion IPO of their ANT group, giving a big blow to Jack. According to media reports, after this action, Jack Ma was asked not to leave China until the ongoing investigation against Alibaba Group is completed. Jack Ma had been missing from the public world since then.
Who is Jack Ma,
one of the biggest IT companies in China, is the founder of Alibaba. Alibaba founder Jack Ma is a famous businessman of China and famous for his speaking. He once taught in a school and is now a billionaire businessman. Alibaba is one of the world’s largest e-commerce companies with millions of users. Alibaba’s turnover is also in the billions. Its three main websites are Taobao (Tmall) and Alibaba.com (Alibaba.com).
What is the whole matter
China’s government is investigating the misuse of monopoly i.e. monopoly on Alibaba Group. Alibaba said that they have also been sent a notice to the Ant Group through SAMR. This marked a major setback for Jack-Ma’s e-commerce company Alibaba.com and Fintech Empire.
Alibaba and Ent Group start operations
China has started action on Jack Ma’s e-commerce company Alibaba and its financial business arm Ant Group. This action is being speculated all over the world. At the same time, China’s market regulator says that it has initiated this action against Alibaba for attempts to establish a monopoly on the market. Due to the action of the Chinese government, there is such fear in the companies that in just two days, the big companies of China have lost about 15 lakh crore rupees. Some time ago, experts believe that it seems more action taken in return.