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In the wake of the speech, Ma was 'dressed down' by officials in Beijing and the blockbuster $37billion initial public offering (IPO) of his company Ant Group was suspended, reportedly by President Xi personally, according to the Wall Street Journal. (AFP/File)
January 4th, 2021 - 08:10 GMT

After Calling for Reforms: Chinese Billionaire Jack Ma Suddenly Disappeared

The Chinese tech billionaire behind Asia's version of Amazon has reportedly not been seen in public for more than two months after falling foul of President Xi Jinping. Jack Ma, one of China's most successful and outspoken tycoons, criticised the country's 'pawnshop' financial regulators and state-owned banks in an incendiary speech in Shanghai in October. He called for reform of a system that 'stifled business innovation' and likened global banking ...
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