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Arrogant Jack Ma goes quiet

Power beats wealth every single time.

LKY was an obvious example.
 
Chinese billionaire Jack Ma resurfaces
Jessica Yun

20 January 2021, 12:57 pm
HANGZHOU, CHINA - JUNE 25, 2015 - Jack Ma, founder of Ant Group, attends the inaugural meeting of Zhejiang E-Merchant Bank. Hangzhou, Zhejiang Province, China, June 25, 2015. On November 3, the Shanghai Stock Exchange and the Hong Kong Stock Exchange suspended the listing of Ant Technology Group Co., LTD.- PHOTOGRAPH BY Costfoto / Barcroft Studios / Future Publishing (Photo credit should read Costfoto/Barcroft Media via Getty Images)
Jack Ma, founder of Ant Group, in 2015. (Photo credit: Costfoto/Barcroft Media via Getty Images)
High-profile Chinese businessman Jack Ma seems to have made his first appearance after disappearing from the public eye for months.
Speculation swirled around the whereabouts of Ma following media reports that he had not been seen since late last year after Chinese regulators ordered an operations restructure of Ant Group and launched an antitrust probe into Alibaba in October.
Ma appeared to resurface in an online conference for rural teachers on Wednesday.
A local Chinese blog first reported his appearance, which was subsequently confirmed by people close to the matter, Bloomberg reported.

Ma was an English teacher in China before he became the Asian superpower’s most high-profile entrepreneur and the founder of e-commerce giant Alibaba.
The CEO of Hong Kong-based private equity firm Primavera Group, Fred Hu, told Reuters last week that he believed Ma was “safe and sound” and “laying low”, but did not elaborate any further.
Prior to the online conference, Ma’s most recent public appearance appears to have been the opening ceremony of an annual shopping event in China on 31 October, according to The Guardian.
He was due to appear on the judging panel on his own talent show in November but failed to appear due to “scheduling conflicts”.
On 24 November, he made some controversial remarks at the Bund Summit in Shanghai by criticising China’s regulation for being behind the times.
“Today’s financial system is the legacy of the Industrial Age,” Ma said in the speech.
“We must set up a new one for the next generation and young people. We must reform the current system.”
The CCP’s regulatory crackdown on Alibaba and Ant Group came days after the speech.
Ma’s most recent Tweet was from 10 October 2020.
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It s a shame ant finance cannot be listed as they promoted it as a form of micro financing for small businesses which otherwise will not get one from the big banks.
 

China's central bank agrees Ant Group's Alipay has no controller​



Alipay.jpg

BEIJING, Dec 30, 2023 (Reuters) - China's central bank has agreed that popular payment app Alipay has no controller following a sweeping business overhaul of Jack Ma's Ant Group, the fintech giant that owns the app, according to the website of the People's Bank of China.

In January, Ant Group said its founder Jack Ma will no longer control the fintech giant and give up most of his voting rights.

On Saturday, an Ant Group spokesperson said the corporate governance optimization announced on January 7 has been completed and it will not affect the company's day-to-day business operations.
 

China's central bank agrees Ant Group's Alipay has no controller​



BEIJING, Dec 30, 2023 (Reuters) - China's central bank has agreed that popular payment app Alipay has no controller following a sweeping business overhaul of Jack Ma's Ant Group, the fintech giant that owns the app, according to the website of the People's Bank of China.

In January, Ant Group said its founder Jack Ma will no longer control the fintech giant and give up most of his voting rights.

On Saturday, an Ant Group spokesperson said the corporate governance optimization announced on January 7 has been completed and it will not affect the company's day-to-day business operations.
Another important milestone achievement for Common Prosperity Era Arrival
 
Ma is basically a white glove from the Jiang faction, therefore taking him out is mandatory as far as Winnie Xi is concern. Ma's criticism of China having no proper financial system at all was a big slap to Winnie Xi's face and it simply accelerated the former's downfall.

 
Ma is basically a white glove from the Jiang faction, therefore taking him out is mandatory as far as Winnie Xi is concern. Ma's criticism of China having no proper financial system at all was a big slap to Winnie Xi's face and it simply accelerated the former's downfall.


Hi big boss went to see Deng in a better place liao
 
With the help of JZM and backing , he is being allowed to dip himself into banking and finance business.

Without the help from JZM faction , he would be another businessman China.

Actually there's a lot of such people like Jack ma around. He is not as good as the media put him out to be.
 
Lol ... Go overseas get VIP treatment suddenly makes him think he on par with Bezos, Jobs, Gates, Musk... Big difference is he is CCP frontman only ..

Go slap his backer's face some more, not to mention ordinary chinks
 
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