Jack Ma is back!

Jan 20, 2021

By: Sanchita Dash

Jack Ma has resurfaced in China

The billionaire founder of Alibaba and Ant Group was reportedly “missing” for over 2 months

Credit: Wikipedia

Ma made a virtual appearance

The billionaire reportedly met with 100 rural teachers in China through video call.

Credit: Wikipedia

Jack Ma, the USD 60 billion icon, had clashed with China’s govt

He publicly criticized the Chinese regulators and called the country’s banks “pawn shops”.

Credit: Wikipedia

Ma was embracing supervision

Chinese state media had earlier said Ma had “embraced supervision”.

Credit: Wikipedia

Beijing has cracked down Alibaba and Ant Group

They now face an antitrust probe for alleged monopolistic practice.

Credit: Business Insider

First, China went after Ant Group’s IPO

In Nov 2020, Shanghai Stock Exchange suspended the $34 billion initial IPO Alibaba and Ant Group.

Credit: Alibaba-Group

Jack Ma was once China’s richest man

Ma was also hailed as the face of China’s entrepreneurial world

Credit: Alibaba-Group

Glory days of Alibaba – Amazon’s big competitor

With both aiming to be world’s largest e-commerce company, Alibaba booked nearly double than Amazon’s sales at its peak in 2012

Credit: BCCL

Retirement in 2018

Ma surprised the world as he stepped down from the post of executive chairman of Alibaba, after 20 years.

Credit: Alibaba-Group

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