Alibaba Chairman Jack Ma is reportedly planning to sell his company shares.
China, First Published Jul 29, 2022, 6:55 PM IST
Alibaba Chairman Jack Ma is reportedly planning to sell his company shares. Jack Ma is the chairman of Alibaba, a Chinese online shopping giant. There are reports in the media that he has been missing for the past 2 years. Alibaba has become a billion-dollar company by dominating China’s e-commerce and digital payments market. Jack Ma also became China’s first billionaire. In this situation, it is said that there was a verbal conflict between Jack Ma and the Chinese government.
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It was also said that the Chinese government was acting to prevent the growth of his company. Jack Ma also criticized the Chinese government’s actions as conservatism. Jack Ma, who has been living in hiding for the past two years, is now in Europe. In this situation, the sources said that he has decided to sell the company shares owned by him. The company he owns operates Alipay, China’s largest mobile-based online transaction app.
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The number of users of this app is said to be more than one billion. It is said that Jack Ma owns 10 percent of the shares of the company and this decision has been taken while the shares of the company are experiencing a continuous decline. However, Ant, Alibaba and Jack Ma Foundation executives have remained silent on this information. Similarly, the Central Bank of China has also refused to comment on this.
Last Updated Jul 29, 2022, 6:55 PM IST
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