Billionaire Jack Ma, one of China’s richest men and the founder of e-commerce giant Alibaba, has not made a public appearance in more than two months.
Ma was supposed to take part in the November finale episode of his show “Africa’s Business Heroes,” a competition for African entrepreneurs, but was replaced by an Alibaba executive, Yahoo Finance reported.
Both Alibaba and Ant Group, the financial services company he spun off of Alibaba, came under the scrutiny of the Chinese government after Ma’s speech. Alibaba is facing an antitrust investigation launched in December, while Ant Group’s IPO was suspended and the business was told to restructure, according to Yahoo Finance….[ ]