The UK's Telegraph reported that Alibaba founder was supposed to be a part of the judging panel in the November final but he was replaced by an Alibaba executive Daniel Zhang. Even Jack Ma's picture was also removed from the judging panel's web page. Before being mislaid, Jack Ma tweeted that he couldn't wait to meet the contestants in the final episode of his own talent show 'Africa's Business Heroes', a Dragons' Den-style TV contest for budding entrepreneurs.
But on his disappearance from the show, an Alibaba spokesperson said, "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." Check out Jack Ma's tweet before he goes missing -
I am honored to partner with HRH The Duke of Cambridge @KensingtonRoyal & other global leaders and organizations to support the @EarthshotPrize and tackle the environmental challenges we all face. Together, we can protect our planet from climate change! https://t.co/0ax1imIZMC pic.twitter.com/EN6yissNGI
— Jack Ma (@JackMa) October 10, 2020
Well, in October Jack Ma publicly criticized the Chinese regulators and had called the country's banks "pawn shops". In an interview, he said on the issue, "Mortgages and guarantees are for a pawnshop, but if we go to extremes in relying solely on collateral assets, certain enterprises will pledge all of their assets, and the pressure is enormous."
Ma's problems began just as he was preparing to take payments company Ant Group public. But Chinese regulators ordered Ant Group, the world's largest financial technology company, to rectify its businesses and also instruct it to comply with regulatory requirements. As per the reports, Chinese regulators in November also halted Ant's $37 billion stock debut in Shanghai and Hong Kong over regulatory changes.
For now, no one has any idea where Jack Ma is. As per the Week report, he reached a peak of $61.7 billion this year and was poised to regain the title of Asia's wealthiest person, now has a fortune worth only $50.9 billion.
More about him, Jack Ma is a co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy.