After various reports claimed that Chinese billionaire Jack Ma may have gone missing, CNBC, citing a person familiar with the matter, reported that the Alibaba founder has been lying low for the time being.
Several reports this week said that Ma has not made any public appearance since he spoke at a forum in late October. Ma was critical of China’s financial regulators at the October forum, shortly after which, his Ant Group's record-setting initial public offering was suspended by stock exchanges in Shanghai and Hong Kong.
The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators said such businesses would be allowed. Both long shots grew to dominate their industries.
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