Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Where is Chinese tech billionaire Jack Ma?

Where is Chinese tech billionaire Jack Ma?

Jack Ma has vanished from his own TV talent show and there has been no sign of him since late October.
Mystery surrounds the whereabouts of China’s richest man after he criticised the regime.

Jack Ma has vanished from his own TV talent show and there has been no sign of him since late October.

The 56-year-old is said to have made around £35billion from creating Alibaba, the Asian version of Amazon, and was a poster boy for the communist regime.

But China’s rulers seemed to turn against him after he criticised regulators and state-owned banks at a financial technology conference in October.

His profile has gone from the judging webpage of Africa’s Business Heroes – a Dragons’ Den-style TV programme for budding entrepreneurs. The final took place without him and he is also absent from promotional videos.

Weeks before the final in November, Mr Ma had tweeted that he ‘couldn’t wait’ to meet the contestants. There has been no activity since then on the father-of-three’s Twitter account, one that had regularly seen several tweets a day.

Despite being one of China’s most successful businessmen, Mr Ma has increasingly clashed with the regime over his preferences for more of an open and market-driven economy. There is no suggestion so far that he has come to physical harm.

Until recently he had been a leading light of China’s unique approach to generating wealth by unleashing market forces within a tightly-controlled communist framework.

The English teacher turned business magnate commanded near rock star status and even played an unconquerable kung fu master in a star-studded 2017 film.

And even while tensions between the US and China were deepening, Mr Ma was able to extend an olive branch by donating 2,000 ventilators to New York with his right-hand man Joe Tsai, prompting a thank you from Donald Trump.

But the stock market launch of Mr Ma’s payments firm Ant was scuppered by regulators in what many saw as a retaliatory move for his explosive speech in Shanghai in October.

Since then, regulators have met with executives from Ant and ordered it to improve its corporate governance, its compliance with regulation and its habit of using its size to push competitors out of the market.

In the process Mr Ma, who is married to Cathy Zhang, 55, has completely disappeared from public view – a sudden change all the more remarkable given his previously huge public profile.

The authorities have also announced an anti-monopoly investigation into Alibaba.

Beijing has a history of ruthless action against its internal critics and in March a property tycoon disappeared after he called President Xi Jinping a ‘clown’ for his handling of the coronavirus crisis.

Friends of Ren Zhiqiang said they could not contact him and six months later he was sentenced to 18 years in prison after he ‘voluntarily and truthfully confessed’ to various crimes of corruption.

Xian Jianhua, a billionaire financier, was snatched from a Hong Kong hotel in 2017 and taken to the mainland.

He is said to remain under house arrest more than three years later, with no official word of his location.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Car Parts Leader Warns Europe Faces Heavy Job Losses in ‘Darwinian’ Auto Shake-Out
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
U.S. Envoys Deliver Ultimatum to Ukraine: Sign Peace Deal by Thursday or Risk Losing American Support
The U.S. State Department Announces That Mass Migration Constitutes an Existential Threat to Western Civilization and Undermines the Stability of Key American Allies
A Decade of Innovation Stagnation at Apple: The Cook Era Critique
German Entertainment Icons Alice and Ellen Kessler Die Together at Age 89
AI Researchers Claim Human-Level General Intelligence Is Already Here
Tragedy in Serbia: Coach Mladen Žižović Collapses During Match and Dies at 44
Trump–Putin Budapest Summit Cancelled After Moscow Memo Raises Conditions for Ukraine Talks
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Russia’s President Putin Declares Burevestnik Nuclear Cruise Missile Ready for Deployment
US Administration Under President Donald Trump Reportedly Lifts Ban on Ukraine’s Use of Storm Shadow Missiles Against Russia
White House Announces No Imminent Summit Between Trump and Putin
China Presses Netherlands to “properly” Resolve the Nexperia Seizure as Supply Chain Risks Grow
Merz Attacks Migrants, Sparks Uproar, and Refuses to Apologize: “Ask Your Daughters”
Apple Challenges EU Digital Markets Act Crackdown in Landmark Court Battle
Shouting Match at the White House: 'Trump Cursed, Threw Maps, and Told Zelensky – "Putin Will Destroy You"'
‘No Kings’ Protests Inflate Numbers — But History Shows Nations Collapse Without Strong Executive Power
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
EU Moves to Use Frozen Russian Assets to Buy U.S. Weapons for Ukraine
Europe Emerges as the Biggest Casualty in U.S.-China Rare Earth Rivalry
“Firepower” Promised for Ukraine as NATO Ministers Meet — But U.S. Tomahawks Remain Undecided
The Sydney Sweeney and Jeans Storm: “The Outcome Surpassed Our Wildest Dreams”
Dutch Government Seizes Chipmaker After U.S. Presses for Removal of Chinese CEO
AI and Cybersecurity at Forefront as GITEX Global 2025 Kicks Off in Dubai
Ex-Microsoft Engineer Confirms Famous Windows XP Key Was Leaked Corporate License, Not a Hack
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
Wave of Complaints Against Apple Over iPhone 17 Pro’s Scratch Sensitivity
Munich Airport Reopens After Second Drone Shutdown
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
The Personality Rights Challenge in India’s AI Era
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Study Finds No Safe Level of Alcohol for Dementia Risk
Trump Says Ukraine Can Fully Restore Borders with NATO Backing
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Germany Weighs Excluding France from Key European Fighter Jet Programme
Cyberattack Disrupts Check-in and Boarding Systems at Major European Airports
×