FOLLOW US

Business January 11, 2021 2 mins read

Jack Ma still AWOL after failed Ant IPO launch

Business ı By Colby McCoy

0 Comments

Jack Ma

Jack Ma, one of China's most successful businessmen who founded Alibaba, remains AWOL following a failed initial public offering (IPO) launch of Ant Group (formerly Ant Financial) last Fall.

Ant is a spin-off of Alibaba, which allows users to transfer money via a cellphone and a QR code. In October last year, Ma gave an attention-grabbing speech at the Bund Finance Summit in Shanghai, a who's who gathering of China's most powerful regulators and business people.

Duncan Clark, an expert Chinese tech investor familiar with Ma's business told NPR that Ma's speech at the Bund summit was notable in the sense that it challenged Chinese financial regulators, arguing that their methods were 'anachronistic' and revolution in the financial sector was looming.

Shortly after the summit, Ma's highly anticipated Ant IPO was placed on hold. The hold would then evolve into an investigation by Chinese authorities. As of this moment the IPO's status is unknown as the Chinese government has remained tight lipped about its investigation into Ant.

Many are speculating that Jack Ma was murdered

Although people have begun to suggest Ma was murdered by the CCP, the claim remains unsubstantiated. Others like Clark have suggested Ma is currently laying low to avoid antagonizing Xi.

"I think they just basically they want him back in his box. One wonders if there's some degree of jealousy or irritation for President Xi or the government in general, that this, you know, rather uncontrollable figure is popping up in different places around the world," Clark explained.

It is unknown at this time as to when Ma will reappear in the public eye, if at all. China's methods of disappearing dissidents is well documented.

That said, Ma is a high profile individual with a large global audience, making his disappearance more impactful.

Have a story you want USA Herald to cover? Submit a tip here and if we think it’s newsworthy, we’ll follow up on it.

Want to contribute a story? We also accept article submissions – check out our writer’s guidelines here.

Previous Article

China’s big tech regulation, part of its strategy to becoming a ‘technological superpower’

Read More
245 Posts

Colby McCoy

Colby is a full-time freelance writer based in Seattle, Washington. He grew up in the Southeastern U.S. and loves books, politics, and spending time with his two dogs hiking.

Discussion

No comments yet. Be the first to join the discussion!

Don’t Miss It
America September 10, 2026
Walmart Great Value Berry Recall Widens Over E. Coli Fears
By – Tyler Brooks
America September 10, 2026
Frazier $1.1B Public Fund Signals Fresh Bet on Biotech’s Next Wave
By – Tyler Brooks
America September 10, 2026
Brian Duckworth Death Silences a Voice Nashville Never Forgot
By – Tyler Brooks
Science & Technology September 10, 2026
Clearview AI Tests Police Surveillance Tool to Profile You
By – Michallie Harrison
Breaking News September 10, 2026
Trump Ties $5,000 Payments to Republican Midterm Wins
By – Michallie Harrison
America September 10, 2026
Jack Doherty Pleads Not Guilty to…

Background Jack Doherty pleaded not guilty after his September 4…

By – Samuel Lopez
America September 10, 2026
OpenAI Cybersecurity Under Scrutiny After AI…

OpenAI cybersecurity concerns are growing after researchers reported that a…

By – Jackie Allen
America September 9, 2026
A.I. Ethicist Tristan Harris Is Warning…

By Samuel López | USA Herald Artificial intelligence ethicist Tristan…

By – Samuel Lopez
America September 9, 2026
To Catch a Predator: Robert Pattinson…

The phrase Catch a Predator became synonymous with one of…

By – Jackie Allen
America September 9, 2026
Avi Loeb’s Most Recent ‘Alien Relic’…

By Samuel López | USA Herald In “The Search for…

By – Samuel Lopez
America September 9, 2026
Floyd Protests Fraud Claims Collapse as…

Insurance disputes can play out like a high-stakes tug-of-war —…

By – Tyler Brooks
America September 9, 2026
Floyd Protests Fraud Claims Collapse as…

Insurance disputes can play out like a high-stakes tug-of-war —…

By – Tyler Brooks
America September 9, 2026
Faulty Fee 401(k) Suit Against Ameritas…

Numbers alone rarely win a lawsuit — they need a…

By – Tyler Brooks
America September 9, 2026
Mont du Lac Slide Injury Suit…

Some doors are locked with a click. Others are left…

By – Tyler Brooks
America September 9, 2026
Analog to Acquire Alif in $1.35…

Artificial intelligence has spent years living inside sprawling data centers,…

By – Rihem Akkouche
America September 9, 2026
AMC ‘Walking Dead’ Suit Settlement Ends…

Even the most relentless horde eventually stops chasing. After years…

By – Rihem Akkouche
America September 9, 2026
Google Finland Investment Hits $15 Billion…

Fifteen years ago, a shuttered paper mill in Hamina, Finland…

By – Rihem Akkouche
America September 8, 2026
Trump-a-Palooza: Republicans Put Trump at Center…

DALLAS — Trump-a-Palooza is bringing Republicans from across the country…

By – Jackie Allen
America September 8, 2026
Iranian Twins Face Death Sentence and…

Iranian twins Taraneh and Romina Rahimi, 20, are facing drastically…

By – Jackie Allen
America September 8, 2026
AI Amnesia: Bigger Diffusion Models May…

AI Amnesia may be an emerging problem for researchers, artists…

By – Jackie Allen
America September 8, 2026
Bats Invade Homes in New York…

New York is experiencing a surge in bat encounters this…

By – Jackie Allen
America September 6, 2026
Pokémon Card Values Soar as Investors…

Three Things Collectors Should Know A record $16.492 million Pokémon…

By – Samuel Lopez
America September 6, 2026
California Appeals Court Upholds Mutual DVROs…

3 Key Takeaways California’s Sixth District Court of Appeal upheld…

By – Samuel Lopez
America September 8, 2026
Ocarina of Time Remake Set for…

Nintendo today unveiled a remake of The Legend of Zelda:…

By – Tyler Brooks
America September 8, 2026
EverBank $3.9B WaFd Deal Forges Coast-to-Coast…

In a bold consolidation that could redraw the map of…

By – Tyler Brooks
America September 8, 2026
Hidden AI Prompts In Court Filings…

News analysis Hidden instructions in legal filings can target AI…

By – Samuel Lopez
America September 6, 2026
Amazon Cargo Plane Crash in Miami…

Key Takeaways At least five people died and five were…

By – Samuel Lopez
America September 6, 2026
Egyptian TV Host Sarah Khalifa Sentenced…

Key Takeaways Sarah Khalifa and 11 other defendants received death…

By – Samuel Lopez
America September 6, 2026
Travis Kelce-Backed Club Car Wash Faces…

By Samuel López | USA Herald A fast-growing car wash…

By – Samuel Lopez
America September 5, 2026
Georgian National Indicted in Money Laundering…

By Samuel López | USA Herald A federal grand jury…

By – Samuel Lopez
America September 1, 2026
DOJ Drops Hammer On Kansas School…

By Samuel López | USA Herald The U.S. Department of…

By – Samuel Lopez
America August 28, 2026
CVS Ordered to Answer for AI-Fueled…

Case at a Glance A Manhattan federal judge has ruled…

By – Samuel Lopez
Breaking News August 27, 2026
Sacred Horse Year Pilgrimage Turns Catastrophic…

A Disaster Unfolding in Real Time, Legal and Diplomatic Fallout…

By – Samuel Lopez
America August 27, 2026
When Your Chatbot Becomes the Star…

Legal Analysis: How AI Conversations Are Reshaping the Rules of…

By – Samuel Lopez
America August 25, 2026
Forensic Identification Breakthrough Helps Identify 9/11…

Nearly 25 years after the September 11, 2001, terrorist attacks,…

By – Jackie Allen
America September 6, 2026
Travis Kelce-Backed Club Car Wash Faces…

By Samuel López | USA Herald A fast-growing car wash…

By – Samuel Lopez
America September 6, 2026
‘DWTS’ Gleb Savchenko Lists $1.4 Million…

By Samuel López | USA Herald Factual Background Gleb Savchenko…

By – Samuel Lopez
America September 4, 2026
Trump Calls Tiger Woods DUI Plea…

In This Report Tiger Woods accepted reduced charges and surrendered…

By – Samuel Lopez
America September 2, 2026
Clippers Fined $30M as NBA Drops…

A year-long investigation just landed on the Los Angeles Clippers…

By – Rihem Akkouche
America August 26, 2026
Tupac Shakur Murder Trial Moves to…

The Tupac Shakur murder trial will resume Thursday in Las…

By – Jackie Allen
America August 21, 2026
World Cup Brawl Leads to Major…

EAST RUTHERFORD, N.J. — The World Cup final between Spain…

By – Jackie Allen

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter