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Home » business » Alibaba’s Jack Ma appears in public for the first time since CPC started crackdown on his Internet empire

Alibaba’s Jack Ma appears in public for the first time since CPC started crackdown on his Internet empire

Jack Ma had delivered a speech on 24 October criticising China’s bureaucratic system, alleging that it stifled innovation.

By Anukul Chauhan
Updated on :
Jack Ma Alibaba Ant Group CPC China

Alibaba and Ant co-founder Jack Ma have emerged in public for the very first time since October. This is Jack ma’s first appearance since the China Communist Party started the crackdown on Jack Ma’s internet empire in China. 

Jack Ma appeared in a video conference with 100 village teachers on Wednesday morning, saying: after COVID-19, we’ll meet each other again as reported by Chinese State media.  

Notably, rumors are going around that China Communist Party (CPC) will soon nationalise Alibaba to break their monopoly on China’s internet sector. And all these rumors were sparked by the fact that Jack was nowhere to be found since last year. 

Interestingly, Ma had delivered a speech on 24 October criticising China’s bureaucratic system, alleging that it stifled innovation and he equated banking regulations to an “old people’s club”. And since then, he disappeared from the public eye. 

Ma has appeared when Alibaba Group Holding Ltd. is looking to raise as much as $8 billion selling dollar bonds, giving global investors a chance to bet on the Chinese e-commerce giant’s long-term prospects.

 

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