Jack Mae criticizes Xi Jinping, Alibaba owner missing for two months

Beijing, Ta. 4 January 2021, Monday

Chinese billionaire businessman Jack has not appeared in public for the past two months and has been reported missing for two months. The issue is being debated in China.

Jack Ma, China's billionaire businessman and e-commerce giant Alibaba and owner of Aunt Group, has not been seen at any public event since he was targeted by Chinese President Xi Jinping. While his company is under constant action. Many suspicions remain after Jack Ma's disappearance in this way.

Jack Ma has been seen as a speaker at most public events in China and is also very popular among young people because of his motivational speeches. He lashed out at China’s usurious financial regulators and state-owned banks during an event in Shanghai in October last year. Jack Mae appealed to the government to reform the system. He called global banking rules a club of the elderly.

And the days of Jack Mana's head began

China's ruling Communist Party erupted after Jack Ma's speech. Jack Ma's criticism was seen as an attack on the Communist Party, and since then his bad days have begun. A self-investigation was launched against his business. At the behest of President Xi Jinping, Chinese officials slammed Jack Ma in November last year for blocking his Ant Group's 37 37 billion IPO listing.

A media report published a confirming article stating that the direct order to cancel the IPO of Jack Mana Ant Group was directly ordered by Chinese President Xi Jinping. The day before Christmas, he was ordered to leave the country until an investigation was launched against his company.

China feared its own company

The Chinese government has launched an investigation against Alibaba under anti-monopoly law. Alibaba is the e-commerce platform of Chinese company Tencent Holding. His job is to sell online and Jack Ma owns them. Alibaba is the world's largest e-commerce company in terms of sales volume. The Chinese government is now scared of it, so it has started laying rubble in the name of investigation. On the one hand, China is facing economic difficulties. At that time the company is growing day and night. Not only that, it is now entering the banking sector. The Chinese government does not like the influence of a private company. That is why China is investigating the company under the Monopoly Act, citing old details. According to experts, the investigation is being carried out by order of the ruling Communist Party of China. The government statement said that if the company continues to grow as it is growing, then healthy competition will end in the future.