Alibaba. Where is Jack Ma?
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Has the charismatic 56-year-old founder of Alibaba, a member of the Communist Party, been isolated by the Chinese authorities or just keeping a low profile? The mystery remains. Jack Ma was last seen in public on 2nd November 2020, when he was summoned by the Chinese banking regulator. Since then, he disappeared from the radar. The next day, Xi Jinping personally suspended the I.P.O. of Ant Group, the financial subsidiary of Alibaba responsible for the Alipay payment application. Scheduled to take place in Shanghai and Hong Kong, this was due to be the largest I.P.O. in history, raising €31 billion.