Jack Ma, the founding father of Alibaba, made headlines whilst he was noticed at Yungu School in Hangzhou, wherein the enterprise is headquartered. He had hardly ever made a public presence since he annoyed the Chinese Communist Party for criticizing the country`s economic regulatory system in 2020. “He defined them as having a ‘pawnshop mentality,’ and that surely ruffled plenty of feathers,” stated Dexter Roberts, a senior fellow on the Atlantic Council Indo-Pacific Security Initiative and writer of The Myth of Chinese Capitalism.
“Also, the brash person of Jack Ma rubbed plenty of regulators and highly place people in China the incorrect way.” Jack Ma wasn’t the only billionaire who mysteriously disappeared from public view. In 2015, Guo Guangchang, who’s was called China’s Warren Buffet, went missing.
The company later stated he was supporting government with an research. In 2017, Xiao Jianhua, a Chinese-Canadian billionaire, was kidnapped by Chinese secret service agents from Hong Kong. In 2022, he was to sentenced to thirteen years in jail for fraud and corruption. The mysterious disappearance of China’s billionaires hasn’t stopped yet.
In February, Bao Fan, a renowned investor banker, have become the latest person on the listing of ‘vanishing billionaires.’ However, some days later, his company stated he was “cooperating in an investigation being conducted by certain authorities in the People’s Republic of China.” “When a person like Bao Fan disappears, a person with high profile who at once vanishes without explanation, that sends a worrying signal to the rest of the market,” stated Nick Marro, lead analyst for worldwide exchange on the Economist Intelligence Unit. “I mean, how are you going to feel like, you do commercial activities in an area wherein, you know, an important leader of the industry can at once disappear?”
