Chinese billionaire Jack Ma, founder of Alibaba and Ant Group, It is suspected to be missing, Jessica Yun reported to Yahoo Finance.

The 56-year-old businessman has not appeared in public for more than two months, according to the report.

Ma has been in the spotlight recently as China cracked down on his trading empire. In late December, Chinese organizers launched Antitrust investigation in Alibaba, The largest e-commerce company in the country, which some refer to as “Amazon China.” And in November, China introduced a series of new regulations that halted what might otherwise have been Ma’s mega-initial public offering, Ants group.

The new rules came weeks later Ma criticized the Chinese financial regulation system At a conference in Shanghai in October. At the conference, Ma was reported to reject the global financial regulations used by China “Seniors club” “We cannot use yesterday’s methods to organize the future,” he said.

Blair Silverberg, CEO of emerging debt financing Capital, told Katie Canales Business Insider in November that new regulations had been introduced.So that the government can assert its sovereignty over Jack Ma. “

In November, what He was replaced as judge In the African talent program he founded, “business heroes in Africa,” the Financial Times reported. The talent show didn’t immediately respond to Business Insider’s request for comment, but an Alibaba spokesperson told Business that Ma was no longer a member of the jury at the conclusion of the show – which was filmed in November but has yet to be released – “due to a scheduling conflict.”

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“We don’t have anything In addition to what is beyond that, “the spokesman said in response to questions about the whereabouts of what.

Ma He stepped down as president Alibaba in 2019.

Jack ma ant group Alibaba China

Ma resigned from his position as president of Alibaba in 2019.

Wang He / Getty Images

Until recently, what was The richest man in China With the wealth that arrived More than 60 billion dollars. But net worth is what he takes Hit 12 billion dollars Over the past two months, China has tightened the rules for its fintech industry. Today, it’s worth $ 50.6 billion, Making him the fourth richest person in China, according to Bloomberg Billionaires Index.

As news of the suspect’s disappearance spreads, the prediction was re-published in August 2019 about what was by another Chinese billionaire businessman on social media.

In a video interview with Guo Wengui, Who fled China on the run in 2014 He claims to be a corruption whistleblower exposing corruption in the country, he said that next year, It may end up in prison or death Because China wants to “take back” a company’s profitable ant group.

Last week, the Chinese government Command Ant Group, which owns China’s largest digital payment platform Alipay, has scaled back its operations after expressing concerns that its corporate governance is “not sound.”

An Ant Group spokesperson did not immediately respond to Business Insider’s request for comment on this story.

Get the latest Alibaba stock price Here.

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