<p>Chinese billionaire Jack Ma hasn’t been seen in more than two months after he suggested the communist nation reform its current financial system.</p>
<p>Yahoo Finance <a href="https://finance.yahoo.com/news/where-jack-ma-former-alibaba-150404612.html">reported</a> Monday that Ma, the co-founder and former executive chairman of Alibaba Group, was “suspected to be missing” after he hadn’t been seen since late October.</p>
<p>“Over the past few days, reports have emerged that the business magnate has neither been spotted in public nor has he made a social media post since late October. Multiple media outlets have also reported that he was abruptly replaced by Alibaba co-founder and executive Lucy Peng as a judge on the final episode of Africa’s Business Heroes, the talent show Ma founded through his namesake philanthropic foundation,” Yahoo reported.</p>
<p>On October 12, Ma had said he was looking forward to the finale, just weeks before he was abruptly replaced before the November filming of the episode. A spokesperson for Alibaba told CNN Business that Ma missed the filming “due to scheduling conflict.”</p>
<p>Yahoo reported that speculation regarding Ma’s absence focused on his October 24 speech at Bund Summit in Shanghai, where he suggested reforming China’s banking system.</p>
<p>&#8220;Today&#8217;s financial system is the legacy of the Industrial Age,&#8221; Ma reportedly said at the summit. &#8220;We must set up a new one for the next generation and young people. We must reform the current system.”</p>
<p>&#8220;What we need is to build a healthy financial system, not systematic financial risks,&#8221; Ma also said. &#8220;To innovate without risks is to kill innovation. There&#8217;s no innovation without risks in the world.&#8221;</p>
<p>Just days later, CNN <a href="https://www.cnn.com/2021/01/04/tech/jack-ma-alibaba-ant-group-intl-hnk/index.html">reported</a>, Ma and other executives for Alibaba affiliate Ant Group were called for “regulatory interviews” by Chinese regulators. A week after that speech, the stock market listing for Ant Group was suddenly blocked by Chinese regulators, Yahoo reported.</p>
<p>“The Shanghai Stock Exchange noted that the $37 billion offering — widely considered at the time to be the world’s biggest IPO — did not meet listing qualifications or disclosure requirements as China looks to overhaul rules and regulations related to the fintech industry,” the outlet reported.</p>
<p>On Tuesday, CNBC <a href="https://www.cnbc.com/2021/01/05/alibaba-founder-jack-ma-is-laying-low-for-the-time-being-not-missing.html">reported</a> that “a person familiar with the matter” told the outlet that Ma is not missing, but rather “lying low for the time being.&#8221;</p>
<p>“After reports speculating about <a href="https://www.cnbc.com/quotes/?symbol=BABA">Alibaba</a> founder Jack Ma’s whereabouts, CNBC’s David Faber reported Tuesday that the billionaire is not missing, according to a person familiar with the matter. Instead, Ma has been lying low for the time being, Faber reported,” the outlet reported.</p>
<p>CNN <a href="https://www.cnn.com/2021/01/04/tech/jack-ma-alibaba-ant-group-intl-hnk/index.html">reported</a> that in addition to the Ant Group’s IPO getting blocked, China has been looking into Alibaba as part of an antitrust probe. The Wall Street Journal <a href="https://www.wsj.com/articles/china-eyes-shrinking-jack-mas-business-empire-11609260092">reported</a> just last week that the communist nation was trying to wrestle more control of Ma’s businesses.</p>
<p>CNN also reported that public opinion about Ma has deteriorated in China, where capitalism has been taught as bad for humanity.</p>

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Billionaire Alibaba Founder Jack Ma Missing After Criticizing China, Possibly Just ‘Lying Low’