Jack Ma not captured or missing, likely laying low in Hangzhou
Reports speculating on Alibaba founder Jack Ma’s whereabouts were appeased after CNBC anchor finance journalist David Farber reported on Tuesday (Jan 5) that the Chinese billionaire was not missing, as confirmed by a person familiar with the matter.
Media outlets such as The Wall Street Journal and Yahoo Finance reported earlier this week that Ma had not made any public appearance since Oct 24, 2020, where he spoke at a Shanghai forum. Ma’s speech included critical comments on China’s financial regulations.
He had said that the country’s regulatory system was hindering innovation and needed reforms that push growth, reported The Japan Times . “There are no systemic financial risks in China because there’s no system in China,” Ma was quoted as saying.
His comments escalated quickly, leading to a thorough review of fintech firm Ant Group, another business founded by Ma.
Two days before its listing in Nov 2020, the Shanghai Stock Exchange suspended Ant Group’s $37 billion IPO. On the same day, Ant Group also pulled the plug on its Hong Kong listing willingly.
Regulators in China had also summoned and interviewed Ma and two Ant Group executives, said the China Securities Regulatory Commission.
Ma was scheduled to make a public appearance in the November finale of “Africa’s Business Heroes,” a television show Ma created to give promising African entrepreneurs a chance to win $1.5 million as capital for a business.
Faber said on CNBC that Ma “may not have shown up, but he’s not missing. He hasn’t been captured, he hasn’t been taken, this is not a Chairman Wu situation,” referencing the Anbang Insurance chairman sentenced to 18 years in prison in 2018.
According to Faber, Ma is “very likely” to be in Hangzhou, the location of Alibaba’s headquarters.
After news confirming his probable whereabouts, Alibaba Group Holding Ltd (BABA) experienced a leap in traded shares on Tuesday, reported thestreet.com . Alibaba’s U.S.-listed shares rose 5.5 per cent over the Tuesday session and closed at $240.40 each.
Kantoi is a brand selling tote bags with bold statements printed on them where all profits made are given to Malaysian charities. The post Their Business Is Built On Making Offensive Bags & Giving All Profits To M’sian Charities appeared first on Vulcan Post.
The streaming service will also launch Star globally. Subscription video-on-demand streaming service Disney+ will launch in Singapore on 23 February, featuring all key content brands Disney, Marvel, Pixar, Star Wars, National Geographic as well as debutante branch Star. As the latest addition to Disney+, Star would bring more TV series, movies as well as originals, the brand said in a media release.
A large group of foreigners have apparently made a habit of gathering outside Lucky Plaza every weekend and on public holidays, according to some residents in the area. Aside from allegedly playing loud music, smoking, drinking, and even peeing in public, the foreigners also trespass and linger at the corridor of a nearby housing complex […]
See what happens when Americans try to make something ‘great again.’ This article, U.S. firm pulls ‘American mahjong’ after getting big nope from Asia, originally appeared on Coconuts, Asia’s leading alternative media company.
Now retired, and talking about his health, Goh Chok Tong indicated that he plans to try to live till at least 93 years of age, much like his Malaysian counterpart Dr Mahathir Mohammad. In a Facebook post on Wednesday (Jan 6), the former Emeritus Senior Minister wrote about the former chairman of the National Trades […]
Johor and Pahang have been hit with severe flash floods at the start of 2021. Here’s a list of charities that you can donate to for victims. The post 12 Verified Orgs Currently Accepting Donations To Aid Flood Victims In Johor & Pahang appeared first on Vulcan Post.
“At last my life is a good job,” Hougang hero Kuasha Das wrote online. This article, Man praised for rescuing boy from window ledge using a boom lift (VIDEO), originally appeared on Coconuts, Asia’s leading alternative media company.
Singapore—A Grab Food deliveryman who participated in several scams as well as threatened to expose a man he had been sexually intimate with was given a jail sentence of nine months and six weeks on Tuesday (Jan 5). Twenty-five-year-old Sim Zhi Gang pleaded guilty to three counts of cheating, one count of receiving criminal proceeds, […]
Falcons in Pakistan: Birds of prey fall as they are hunted by poachers
Karachi, Pakistan – The thriving black market of falcon poaching continues to be an issueRead More
Was David Alaba bei der Klubwahl am wichtigsten ist
FC Bayern: Was David Alaba bei der Klubwahl am wichtigsten ist FC Bayern : WasRead More