China has become a regular topic of discussion. It is not just about other countries tussle with China. Within China itself, things are not normal. Jack Ma, Alibaba Founder, was missing for the last 3 months. Finally, he resurfaced in a video call.
Jack Ma’s Appearance after 3 months
Jack Ma is a known billionaire and a public speaker. He did not appear on any public platform for the last few months. Yesterday, a Chinese news portal uploaded a clip. In that clip, Jack Ma connected with rural teachers in his native area.
He conducted an online discussion with more than 100 rural teachers. Ma praised teachers for their extraordinary services to the nation. He further said that he will be regularly available for philanthropy activities.
Authorities of the Zhejiang Government confirmed the news. Jack Ma did not talk about anything related to why he was not available in the last 3 months. He did not comment about the Chinese government’s decision to stop the Initial Public Offering(IPO) of his fintech venture Ant Group.
Media portals flashed his disappearance news when he didn’t appear in his TV show. Resurfacing news of Jack Ma brought much-awaited happiness for Alibaba Investors. Alibaba share saw a surge of 8% after Jack Ma appeared publically.
In his last video call appearance, he addressed 100 teachers who received the Jack Ma Rural Teachers Award. Jack Ma foundation rewards rural teachers for their special services every year.
In some parts of the video, Jack Ma also visited one of the rural schools on January 10 in Zhejiang. Pandemic forced Jack Ma foundation to make this ceremony online.
Jack plans teaching comeback after his complete retirement from the business. He wants to serve the education field for the betterment of humankind. He calls himself the Ambassador of Rural Teachers.
Disappearance Controversy of Alibaba’s Jack Ma
Jack Ma last appeared in a conference publically where he criticized Chinese Financial Systems badly. After his criticism, China government put so many restrictions on his ventures Alibaba and Ant Group.
Chinese government blamed Alibaba for its monopolistic environment. Financial officials also asked Alibaba to stop a few of its operations. A committee is also checking the irregularities if any. Not only Alibaba, but financial authorities also cut short the activities of his Fintech Ant Group.
Chinese authorities ordered Ant Group to stop its Digital card offerings. IPO proceedings of Ant Group were also halted by the concerned authorities.
Experts believe that the Chinese government is crushing the wings of the super-rich and influential business tycoons.
On the other hand, Li Yuan criticized these business tycoons. “Today, Alibaba and its archrival, Tencent, control more personal data and are more intimately involved in everyday life in China than Google, Facebook and other American tech titans are in the United States. And just like their American counterparts, the Chinese giants sometimes bully smaller competitors and kill innovation,” wrote Li Yuan for the New York Times.
Current strict policies for tech business has given rise to the rebellious statements from the Chinese Business Tycoons. These things did not go well with Beijing’s Government. They imposed different restrictions on such businessmen including Jack Ma.