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Speculation Grows Over Fate of Chinese Tech Billionaire Jack Ma

Yu Zhou

   LOS ANGELES - China's Jack Ma -- onetime schoolteacher, billionaire
   co-founder and former chairman of tech giant Alibaba and philanthropist
   --is missing from the spotlight, and speculation about his fate is
   mounting because when high-profile Chinese figures disappear, arrests
   and prosecutions often follow.

   Unseen in public since October, analysts say Ma may be lying low as
   Chinese authorities investigate his sprawling business empire after he
   made an incendiary speech days before the highly anticipated stock
   market listing of Alibaba's financial affiliate, Ant Group.

   [1]The speech, delivered at the Shanghai Financial Summit on October
   24, blasted China's financial regulators as unreasonable and urged them
   to be more innovative. He also likened the [2]Basel accords,the global
   [3]banking regulatory system, to an "old people's club."'¯

   That was Ma's last public appearance.

References

   1. https://hk.appledaily.com/opinion/20201108/TRMUNM72DRAQJNCG3ON2JUUF4A/
   2. https://www.bis.org/bcbs/basel3.htm
   3. https://www.businessinsider.com/jack-ma-financial-regulations-ant-group-alibaba-2020-10//

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