After reports speculating about China’s Alibaba founder Jack Ma’s whereabouts, CNBC’s David Faber reported today that the billionaire is not missing, according to a person familiar with the matter. Instead, Ma has been laying low for the time being, Faber reported.
Outlets including The Wall Street Journal reported this week that Ma has not been seen in public since he spoke at a forum in late October where he appeared critical of China’s financial regulators.
Shortly after, Ma’s Ant Group saw its record-setting IPO suspended by stock exchanges in Shanghai and Hong Kong. Ma and two Ant Group executives were summoned and interviewed by regulators in China, the China Securities Regulatory Commission said in a November statement.