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The Fall
On October 24, 2020 Jack Ma, ahead of its IPO of Ant Group
criticised the Chinese Banking System in front of high profile
people. He called on Chinese banks to be operating with
‘pawn-shop mentality’. He also went on to say that authorities
were trying to manage an airport as they should manage a
railway station. This opened the pandora box for Jack Ma as
he faced the wrath of Xi Jinping as he upset some bankers
and people in high positions.
 
Ma and his colleagues were called for a meeting with the
regulators and Ant Group’s IPO was stopped. Jack Ma’s
companies went into free fall wiping $76 billion from the
market. Five different regulation agencies launched
investigations into the company. After that Jack Ma
disappeared from the public.
 Jack Ma’s disappearance came into notice when he failed to
 appear on a TV show he created.
 
Due to a schedule conflict Mr Ma could no longer be part of the
finale judge panel of Africa’s Business Heroes earlier this year
 
Many speculated he has been arrested, while some said he
was dead. He was the seen on January 20, 2021 at a charity
event, then at the island of Hainan playing golf. So, what
forced such a passionate billionaire to disappear off the grid.
Its China, lets rather not comment.
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Highlights

FROM THE EDITOR

FROM THE EDITOR

The story of Ambani - the younger one - Anil Ambani

The story of Ambani - the younger one - Anil Ambani

Steve Jobs VS Bill Gates

Steve Jobs VS Bill Gates

Money Heist - The End

Money Heist - The End

The King of Good Times - Vijay Mallya

The King of Good Times - Vijay Mallya

Interview with Bhamini Puri
 Paris Hilton - The self-made Heiress
The rise and fall of Jack Ma
Nirav Modi - The Jeweller of Kings

Interview with Bhamini Puri

Paris Hilton - The self-made Heiress

The rise and fall of Jack Ma

Nirav Modi - The Jeweller of Kings