Ma Yun, founder of Alibaba. Photo = Hankyung DB
After criticizing the Chinese authorities, the founder of Alibaba, Ma Yun, who was swept in’missing rumors’ without appearing on the public seats, recently played golf in Hainan, a resort in China.
Bloomberg “Worst avoided, but it’s hard to predict the end”
Bloomberg News quoted an anonymous source on the 13th. “Marwin played golf at the Sun Valley Golf Resort south of Hainan in recent weeks,” said Bloomberg. “There is evidence that at least he has avoided nightmare scenarios such as imprisonment and property seizure. It can be,” he said.
In recent months, Ma Yun has been suspicious of a number of suspicions, including escape from Singapore, house pensions, and imprisonment.
This is because Ma Yun’s whereabouts were obvious after making a statement criticizing the government that “the authorities should not apply traditional regulations to fintech companies such as Ant Group” at a financial forum held in Shanghai last October.
Ma Yun, who did not appear for a long period of time despite various’missing rumors’, proved his safety by pointing his face to a video speech to teachers in rural areas on January 20th.
Chinese President Xi Jinping. Photo = AP Yonhap News
However, it is questionable whether Ma Yun will be able to re-establish a position as a representative business person in China just because he has not disappeared.
After Ma Yun’s remarks on the government’s criticism, the listing of Ant Group, which was expected to become the world’s largest in the future, was cancelled. Following that, the authorities are strengthening regulations related to the core business of Alibaba Group such as e-commerce and fintech for reasons such as antitrust and personal information protection.
The Shanghai Securities Report issued by the state-run Xinhua Newspaper posted a comment on the first page that emphasized “entrepreneurship”, mentioning Tencent Chairman Ma Hua Teng, Viyadi Chairman Wang Chuanfu, and Huawei Founder Ren Jungfei. Mawin did not mention.
Bloomberg said, “It is difficult to predict what Ma Yun’s end will be given the opacity of the Communist Party led by Xi Jinping. The absence of him from the list of Chinese tech companies released by the state media is evidence that his relationship with the party is weakening.” .
Kim Soo-hyun, reporter of Hankyung.com [email protected]
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