Following reports speculating about the whereabouts of Alibaba founder Jack Ma, CNBC’s David Faber reported Tuesday that the billionaire is not missing, according to someone familiar with the matter. Instead, Ma was lying low for the time being, Faber reported.
Outlets like the Wall Street Journal reported this week that Ma has not been seen publicly since speaking at a forum in late October where he was critical of China’s financial regulators.
Shortly thereafter, Ma’s Ant Group’s record-breaking IPO was suspended by the Shanghai and Hong Kong stock exchanges. Ma and two Ant Group executives were summoned and interviewed by regulators in China, the China Securities Regulatory Commission said in a November statement.
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