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Alibaba Founder Jack Ma is under arrest?

Jack Ma, a member of the Communist Party of China, has been advised by the government not to leave the country. There are speculations that he has a deep dispute with Chinese President Xi Jinping behind this plight of Ma.

Yogita S.

Yogita S.By Yogita S.

Published on 5 Jan 2021 10:24 AM GMT

Alibaba Founder Jack Ma is under arrest?
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Alibaba Founder Jack Ma (PC: Social Media)
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Lucknow: Jack Ma, founder of e-commerce company Alibaba has been missing for the past two months. He has not appeared at any public event since Chinese President Xi Jinping came under attack. Meanwhile, China's official newspaper People's Daily has given a big hint about Jack Ma's presence. The People's Daily has said that Jack Ma has been placed under 'surveillance' at an undisclosed location.

Missing from two months:

According to Bloomberg's report, Jack Ma, a member of the Communist Party of China, has been advised by the government not to leave the country. There are speculations that he has a deep dispute with Chinese President Xi Jinping behind this plight of Ma.

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Jack Ma is often present as a speaker at public events in China and is also popular among the youth for his motivational speeches. He had sharply criticized China's interest-bearing financial regulators and state-run banks at an event in Shanghai in October last year. Jack Ma had called on the government to change the system so that efforts to introduce new things in business would not be suppressed. He called the global banking rules a 'club for the elderly'.

Jack Ma's bad days started

The ruling Communist Party of China erupted after this speech. Jack Ma's criticism was taken as an attack on the Communist Party. After this Jack Ma's bad days started. Various investigations were started against his business. At the behest of President Xi Jinping, Chinese officials gave a shock to Jack Ma. In November last year, suspending his Ant Group's $ 37 billion IPO.

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It was confirmed in a media report that the order to cancel Jack Ma's Ant Group IPO came directly from Chinese President Xi Jinping. On Christmas Eve, Jack Ma was instructed not to move out of China until the ongoing investigation against his Alibaba Group is completed.

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Yogita S.

Yogita S.

Media Graduate, News Editor and PR Enthusiast.

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