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What happened to Jack Ma ?


What happened to Jack Maa ?

One of most Influential peoples from China , most outspoken person also founder of Alibaba INC has gone silent from few months . we are talking about Jack Maa who has been silent from past few couple of  months . His all events put on hold , Really what happened to Jack Maa ?

From issue of Ant group's IPO he just made one single appearance in month of January .
This all tragedy actually started from Ant Group's IPO .

ANT Group

ANT is an affiliate company of Alibaba , founded by Jack Ma in 2004 . This company owns worlds largest digital payments platform Alipay . It has over 900 million active users as of 2019 . Alipay has one handed monopoly in it's mainland China with over 55% market share in third - party payment market .

ANT's IPO

Ant's IPO we can highlight as 'Most Hot IPO' in human history till date . Company was hoping to raise $37 billion from the market & wants to list on shanghai and Hong Kong’s stock exchanges. This was world's largest IPO beating listing of Saudi Aramco's IPO last year .

But on eve of Listing day ; Listing was suspended by regulatory body after Xi Jinping , president of China took personal interest in this case .


Why did Xi took personal interest in case ?

Like Amazon's Jeff Bezos have it's own empire in US , like that Jack Ma also created his own empire in China through Alibaba . They sell about $1tn worth of goods annually , A Single handed monopoly . China's Communist party (rulling party) have poor thinking like 'Anti - monopoly policy' that's why Alibaba & especially it's founder Jack Ma came on hit list of government .

Jack Ma gave a speech on 24 Oct 2020 during Bund Summit , while giving speech he crossed line & said  “the great and the good of China’s financial, regulatory and political establishment”—to consider the need for reform of the country’s financial system . This point become an anger of president Jinping .

thats why China's market regulatory body created strict regulations due to which piller of Alipay hitted . This can be valid reason for suspension . but , new twist is that China imposed $ 2.8bn fine on parent company Alibaba .

Jack ma is not 1st who's facing such criticism . Before Jack ma Wang Jianlin , Wu Xiaohui have faced this type of criticism & have ended their life in jail . The reason is one & only 'Monopoly' . It will be exciting to see what happens next to Jack ma .

Thinking of china's rulling party :

China is a country where Democracy doesn't exists . They have one & only rulling party 'Communist Party Of China' . Party members elects President & common people's from China never get involve in election process . Can be consider as live example of dictatorship . If anyone talk against party ,  his condition Do it like Jack Ma & made silent . Party also famous for running 'Anti - Monopoly ' policy . 


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