According to the reports, Jack Ma the CEO of Alibaba hasn’t been seen making public appearances. He was under the scrutiny of the China government since the abrupt suspension of Ant’s blockbuster $37 billion initial public offerings (IPO) in Shanghai and Hong Kong.
It has been reported that Jack did not appear for the final episode of his talent show Africa’s Business Heroes in November and thus an executive of Alibaba substituted him on the show.
Earlier a probe was launched into Jack’s e-commerce conglomerate Alibaba Group Holding, and the supreme bank of China has sought reports on its lending and other consumer oriented operations.
Pressure on the conglomerate and its competetors is increasing from the market regulators after manipulating the consumers to make use of products from the platform in almost everyday life.