LOS ANGELES - China’s Jack Ma — onetime schoolteacher, billionaire co-founder and former chairman of tech giant Alibaba and philanthropist — is missing from the spotlight, and speculation about his fate is mounting because when high-profile Chinese figures disappear, arrests and prosecutions often follow. The speech, delivered at the Shanghai Financial Summit on October 24, blasted China’s financial regulators as unreasonable and urged them to be more innovative. The logo of Alibaba Group is seen at its office in Beijing, China, Jan. 5, 2021. While some believe that Ma has left China, Ge Bidong, an economist based in Los Angeles and a current affairs commentator, told VOA that this is impossible. Gene Chang, retired professor of economics at the University of Toledo in Ohio, told VOA what is happening to Jack Ma is not just about Alibaba's monopoly power.

Source: Ethiopian News January 08, 2021 02:03 UTC