Jack Ma Fades From Public View as China Cracks Down
The fintech industry could feel the greatest impact of Beijing’s tighter enforcement.
Jack Ma
Photographer: Marlene Awaad/BloombergHi all, it’s Zheping in Hong Kong. Jack Ma hasn’t been seen in public for two months. His absence was highlighted over the weekend after he skipped a taping of his own talent show. A person familiar with the matter has said the flamboyant billionaire has been advised by the government to stay in the country.
Ma’s disappearance from the public eye follows Beijing's sweeping crackdown on tech. China’s massive internet companies got that way with at least tacit support from the government. Now, leaders in the country are losing patience with the outsize power of its tech moguls.