Chinese tycoon Jack Ma disappears after Beijing’s ‘revenge’

Beijing, China.

Alarms come on China to the businessman most famous de that country and the symbol of the “self-made man” for his countrymen, Jack Ma, to disappear.

He chinese businessman 56-year-old has not been seen in the past two months after the onset of the revenge from the Chinese authorities, certainly a clip its wings.

Last week, the State Administration for the regulation of Chinese market shook the world Chinese business, true Alibaba and its charismatic founder symbolize and herald the success of electronic commerce internet giant will be examined for “practices suspected of monopoly “.

This former English teacher, officially ‘retired’ since last year Alibaba rgot an insult from financial regulators, who also contacted Ant Group, a subsidiary of Alibaba, the world leader in online payments and qual Ma is the oldest shareholder, to talk about “supervision and advice”.

This happened a few weeks later Beijing frustrate the IPO of the company at the last minute, with which Jack Ma he thought his fortune would be more than $ 70,000 million (60,000 million euros).

This fiasco has cost billions Jack Ma, even made him lose the title of first fortune China, estimated at $ 58 billion.

The power of the president Xi Jinping seems determined to combat the monopolistic tendencies of private groups Alibaba, whose online sales platforms are used by hundreds millions of Chinese.

An unprecedented setback for this millionaire, who foresaw the evolution of his fellow countrymen towards electronic commerce for everyone by co-founder Alibaba in 1999.

The Chinese media often recall his humble origins, a father who hurt to feed his family, their poor school results and poorly paid small jobs to founding Alibaba in an apartment in Hangzhu, East China, with a capital of $ 60,000 that he borrowed from friends.

Jack Ma (whose Chinese name is Ma Yun) then decided to leave his profession as a university teacher discover the internet and the opportunity it offered companies to develop their goods online.

This man quickly understood the potential of smart phones and was the pioneer, with its Alipay service, of electronic mobile payment, currently ubiquitous in China, gain a reputation for visionary.

Michael Jackson and the Communist Party

“The first time I used the internet I typed in and said to myself, ‘This is something that will change the world now China” he told the American television network CNN.

The start of the online trading platform Alibaba, Taobao, the American forced eBay practical to withdraw from the Chinese market in 2006 and make way for its rival.

Jack Ma is known for being eccentricities, in a rather serious Chinese business world. Much admired by his employees, he is often compared to Steve Jobs, the legendary co-founder of Apple, oneAlthough his style is more relaxed.

The successful and atypical businessman is at the same time a follower of tai chi, traditional Chinese gymnastics for inner and physical balance, he took the stage at a corporate party dressed as Michael Jackson and is a member of the very austere Chinese Communist Party (PCC) in power.

From Davos to Wall Street, he’s shrugged world personalities and promised a Donald Trump to create a million jobs andJanuary 11, 2017, when the American billionaire was about to lose the White House.

See: They ask to investigate Trump for pressuring senior officials to reverse the results

He then retracted that promise using the argument of the trade war published by Trump against China.

In September 2018 Jack Ma aHe announced that he would retire a year later when he turned 55 to devote himself to educational philanthropic projects, a reminder of the path taken by one of his models, the founder of Microsoft, Bill Gates.

His rise always earned criticism and enmity at the height of the Communist Party.

Jack Ma He may be the slogan that has guided his career, which he clearly stated in 2007 at Davos, the global financial event: “My philosophy is to be in love with power without marry him “.

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