Why should Jack Ma disappear? A look at the missing Chinese rich

Stuck in the ant group IPO in November last year, alibaba group face antitrust investigation, alibaba’s co-founder, often with amazing ma also disappeared in front of a lot of people about 2 months, the rich than the (Forbes) pointed out that before Mr. Ma in China in recent years, at least six richest by the communist party of China after investigation disappear for a period of time, including fosun chairman guo guangchang, meters/bonwe clothing company founder metersbrowne, Beijing real estate tycoon ren zhiqiang, and company group, “tomorrow is” behind the scenes to control jian-hua xiao man.

Jack Ma, co-founder of Alibaba Group, is just the latest example of Chinese tycoons who have often gone missing after being investigated if they are suspected of provoking political and economic stability in the authorities, Forbes reported Wednesday. Before Ma, Guo Guangchang, chairman of Chinese conglomerate Fosun Group and known as “China’s Buffett”, disappeared on December 10, 2015, after being investigated for alleged corruption, but turned up later on December 14. The report said Guo’s disappearance could be part of an anti-corruption campaign by current Communist Party President Xi Jinping after he took power in 2012. Fosun, led by Guo Guangchang, is reported to have assets of up to $115 billion and has investments in Asia, Europe and North America. Guo Guangchang himself is worth about $7.5 billion.

Zhou Chengjian, founder of clothing company Metersbonwe, disappeared for a week in January 2016. His disappearance is believed to be related to insider trading and stock price manipulation, and is also seen as an example of Xi Jinping‘s anti-corruption campaign. Metersbonwe reported revenue of more than $800 million in 2019, and Zhou is the company’s largest shareholder with $1.3 billion in assets.

Ren Zhiqiang, a Beijing real estate tycoon and a prominent Communist Party member, wrote an article on the Internet in March last year criticizing Xi’s handling of the pneumonia outbreak in Wuhan, such as “stripping naked and insisting on being the emperor’s clown.” Ren’s whereabouts were then unknown and it was reported that he had been secretly detained by the Beijing Municipal Commission for Discipline Supervision. In September, Ren was sentenced to 18 years in prison after his assets were confiscated on charges of bribery and abuse of power.

Xiao Jianhua, founder of Tomorrow Group, was forcibly brought back to China from the Four Seasons Hotel in Hong Kong in 2017. He disappeared for three years and is still missing. The China Securities Regulatory Commission (CSRC) took over nine financial institutions that were all Tomorrow Holding companies from July 17 last year to July 16, 2021.

Princeton University, Princeton University) political and international affairs professor Aaron Friedberg, said ma treatment, ren and jian-hua xiao, suggests that the Chinese government tries to eliminate any challenge to its power, due to the private enterprise executives have a lot of wealth, has the ability to influence, therefore also has potential threats to the communist party.