The following month, Chinese authorities released a statement indicating that Zhiqiang was under investigation for allegedly committing serious violations of the country’s laws and CCP regulations. In September, he was sentenced to 18 years in prison on corruption charges.
In 2017, a Chinese billionaire financier, Xian Jianhua was taken from a hotel in Hong Kong and brought to mainland China. He was reportedly placed under house arrest.
There is a possibility that Chinese authorities placed Jack Ma in a similar situation. Take note that in 2003 when he created his mobile and online payment platform Alipay, he said, “If someone needs to go to jail for Alipay, let it be me.” Alipay is now a part of Ant Financial.
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