"Alibaba founder Jack Ma is not missing as was reported, CNBC anchor David Faber reported Tuesday morning.
"He is being less visible, purposefully," Faber said after noting that he has closely covered Ma and his businesses. "And you can expect for that to be the case for some time."
Faber, citing sources, said Ma is simply laying low amid the Chinese Communist Party's crackdown on Alibaba and Ant Group. Yahoo Finance reported over the weekend that Ma hadn't been publicly seen in two months since China pulled his fintech firm Ant Group's monster $37 billion IPO in early November.
"He may not have shown up, but he's not missing," Faber said on CNBC Tuesday. "He hasn't been captured, he hasn't been taken, this is not a Chairman Wu situation," referring to the Anbang Insurance chairman who was sentenced to 18 years in prison in 2018.
Reuters previously reported that Ma could have been directed to "lay low" due to China's regulatory crackdown, according to Duncan Clark, chairman of the China-based tech company BDA China."
https://www.businessinsider.com/jack-ma-not-missing-alibaba-china-2021-1
"He is being less visible, purposefully," Faber said after noting that he has closely covered Ma and his businesses. "And you can expect for that to be the case for some time."
Faber, citing sources, said Ma is simply laying low amid the Chinese Communist Party's crackdown on Alibaba and Ant Group. Yahoo Finance reported over the weekend that Ma hadn't been publicly seen in two months since China pulled his fintech firm Ant Group's monster $37 billion IPO in early November.
"He may not have shown up, but he's not missing," Faber said on CNBC Tuesday. "He hasn't been captured, he hasn't been taken, this is not a Chairman Wu situation," referring to the Anbang Insurance chairman who was sentenced to 18 years in prison in 2018.
Reuters previously reported that Ma could have been directed to "lay low" due to China's regulatory crackdown, according to Duncan Clark, chairman of the China-based tech company BDA China."
https://www.businessinsider.com/jack-ma-not-missing-alibaba-china-2021-1