No time right now?
From the environment of the Alibaba founder, there are now indications that the ex-manager has by no means disappeared.
Alibaba founder Jack Ma only retired that writes CNBC with reference to someone “who wants to be familiar with the matter”. Reports that the billionaire could not be found had fueled speculation about his whereabouts. Ma had turned her back on Alibaba and Softbank in 2019.
The IPO failed, the founder went underground
Most recently, the Chinese leadership has presumably acted on the Shanghai and Hong Kong stock exchanges to suspend Alibaba’s Ant Group IPO. The billion dollar IPO had already been traded as the high point of the stock market year. Record-breaking entry-level prices were circulating.
The rejection is believed to have something to do with statements by the founder criticizing Chinese regulators. The local cartel office has recently started targeting large corporations in order to examine their market behavior. Ma had accused them of holding back innovations and not paying enough attention to new developments.
Jack Ma is said to have withdrawn “until further notice”. When the manager will go public again and what exactly are the reasons for his disappearance, it was not known. He last appeared in October. There Ma had expressed his criticism in front of a forum. In November, the regulatory authorities summoned him and two other executives, and things have been very quiet around the 56-year-old since then.