Chinese Communist Party moves to takeover Jack Ma’s Alibaba Empire after he ‘Mysteriously Disappears’…

WSJ —

Beijing is seeking to shrink Jack Ma’s technology and financial empire and potentially take a larger stake in his businesses, according to Chinese officials and government advisers familiar with the matter, as regulators zero in on the billionaire in a campaign to strengthen oversight of an increasingly influential tech sphere.

Under a restructuring road map that China’s financial regulators laid out this week, financial technology giant Ant Group Co. would return to its roots as an online-payment provider akin to PayPal Holdings Inc., while its more profitable investment and loan businesses would be curtailed.

This in light of the breaking news…

Where is Jack Ma? Alibaba’s billionaire founder hasn’t been seen publicly in 2 months following China’s crackdowns on his companies…

• The Chinese billionaire Jack Ma is thought to be missing, Jessica Yun reported for Yahoo Finance on Sunday.
• The Alibaba and Ant Group founder has not been seen publicly in more than two months, and he was abruptly replaced as a judge on the African talent show he founded.
• Chinese regulators have recently cracked down on Ma’s business empire, halting Ant Group’s initial public offering in November and launching an antitrust investigation into Alibaba in December.
• In October, Ma criticized China’s banking rules.
• Ma, who has a net worth of $50.6 billion, was China’s richest man until recently.