His disappearance came after he called for economic reform in an October 24 speech in Shanghai.Despite the pandemic, its activity performance in China increased in December, and it maintained pre-epidemic levels.
Foxbusiness reported, citing Yahoo Finance, that Jack was not supposed to participate in the November final episode of “Africa’s Business Heroes”, a competition for African entrepreneurs, but was represented by an Alibaba executive.Alibaba and Ant Group, the financial services company, were subjected to Chinese government oversight after Jack Ma’s speech, and Alibaba is facing an antitrust investigation that began in December, while the Ant Group’s initial public offering has been suspended and the company has been informed of the restructuring.
Jack Ma, whose fortune is estimated at $ 58.4 billion, has committed millions of dollars to fighting the coronavirus pandemic.
And in the spring, he said that he would grant $ 14.4 million from his foundation to finance the development of a vaccine for the Coronavirus in Wuhan, and $ 2.15 million had also been allocated to developing a vaccine at the Institute of Infection and Immunology in Australia.
Source: Russia Today