Missing billionaire founder of Alibaba found in Japan | Jack Ma | Person In News | Current Affairs

Recently, a British daily newspaper the Financial Times reported that Chinese entrepreneur and the founder of Alibaba.com Jack Ma has been living in Tokyo for nearly six months.
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He has been living quietly with his family in Japan. During 1999, he founded Alibaba.com, a business-to-business marketplace for small and medium-sized Chinese enterprises, backed by 18 friends of him. Later it expanded to a wide range of areas, including e-commerce, technology, and online payments which became one of the biggest multinational technology conglomerate of the world.In September 2014, Alibaba was raised over $25 billion in an initial public offering (IPO) on the New York Stock Exchange which became world's biggest public stock offerings so far.He also co-founded Yunfeng Capital, a Chinese private equity firm and Ant Group, formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. The Ant group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million merchants globally. It is the second largest financial services corporation in the world after Visa.
In October 2020, Ant Group was set to raise US$34.5 billion in the world's largest IPO at the time however on the eve of the IPO, the Chinese Communist Party government stopped the process from moving forward. Jack Ma made negative statements about Chinese regulators and the governing political party of China. Where he criticized the chinese regulators for their focus on risk mitigation and said that China's state banks have a “pawnshop mentality”.
Since then, the two companies founded by Ma -- Ant and Alibaba – have faced a series of regulatory obstacles.
Alibaba co-founder Jack Ma has reportedly gone missing for over two months following his controversial speech in October 2020 since he made his last public appearance in November 2021.

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