Chinese Government Newspaper Removed Jack Ma from Lead Entrepreneur List

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Newspaper Removed Jack Ma

GEALENA —  Newspaper Removed Jack Ma. Alibaba Group founder Jack Ma was removed from a list of Chinese entrepreneurial leaders published by state media. This confirms how far he has fallen out of favor with Beijing.

This well-known Chinese businessman was not mentioned on the front page of the published article Shanghai Securities News. Meanwhile, Huawei Technologies boss Ren Zhengfei, Xiaomi Corp boss Lei Jun, and BYD boss Wang Chuanfu were praised for their contributions.

The article was published on Tuesday when Alibaba also reported its quarterly earnings. The online trading giant did not immediately respond to a request for comment on this matter. This was reported by Reuters, Tuesday (2/2).

Jack Ma Removed Entrepreneur

In a speech on October 24, Jack Ma criticized China’s regulatory system for causing the suspension of the $ 37 billion Ant Group IPO. Just days before the financial technology giant signed up.

The regulator then launched an anti-trust probe into the tech sector with Alibaba taking a lot of pressure. While stricter regulations for Ant Group are also being considered.

Ma then disappeared from the public eye for about three months, sparking speculation about his whereabouts. She reappeared last month in a 50-second video.

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In its report, the Shanghai Securities News said that while some touted businessmen had behaved like “reckless heroes”. In their quest to break away from the old and rigid economic system, they were now leading “a group of companies that respect the rules of development and adhere to market rules.”

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