By High End Blog 1/12/22
He has been hiding out with his family in Tokyo, Japan
China cracks down on prominent tech companies and its most successful and wealthy businesspeople.
Jack Ma is renowned for being energetic and outspoken
He could have overstepped the mark on October 24 when he criticised Chinese officials for suppressing innovation.
Ma had also compared Chinese banks to pawn shops during the summit in Shanghai
To sum up, Ma’s Ant Group was about to launch the largest IPO in history when he decided to openly criticise the Chinese government
Beijing retaliated by putting a stop to his IPO and even calling Ma and Ant executives to a meeting
He regulators have also demanded a corporate restructure for Ant Group
Ma already has to pay billions of dollars for the project.