After reports hypothesizing about Alibaba creator Jack Ma’s whereabouts, CNBC’s David Faber reported Tuesday that the billionaire is not missing, according to an individual familiar with the matter. Instead, Ma has actually been lying low for the time being, Faber reported.
Outlets including The Wall Street Journal reported this week that Ma has not been seen in public because he spoke at an online forum in late October where he seemed vital of China’s monetary regulators.
Soon after, Ma’s Ant Group saw its record-setting going public suspended by stock exchanges in Shanghai and Hong Kong. Ma and 2 Ant Group executives were summoned and talked to by regulators in China, the China Securities Regulatory Commission stated in a November statement.
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