The mysterious disappearance of Chinese billionaire Jack Ma
The Story
The Times
3.9 • 1.6K Ratings
🗓️ 22 January 2021
⏱️ 29 minutes
🧾️ Download transcript
Summary
Alibaba Group founder and billionaire Jack Ma has emerged into the public for the first time since disappearing in October last year. Growing scrutiny of his business plans has fuelled speculation that his absence is part of a broader crackdown by the Chinese government. Where has he been? And what does his disappearance mean for the future of Chinese business?
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Guests: Philip Sherwell, Asia correspondent, The Sunday Times.
Host: David Aaronovitch.
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Transcript
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| 0:28.0 | Partner of choice. Chinese business magnet and billionaire Jack Ma is what Marxists would call a contradiction. |
| 0:41.0 | He's come from nowhere and he's really come to epitomise the capitalist |
| 0:45.2 | face of Communist China. But then he disappeared. Popping up weeks later on a short video his location still undisclosed. |
| 0:56.0 | So if Jack Mar is deemed to have risked that system, it would be not a big step to portray him as having sort of betrayed them. |
| 1:03.4 | You're listening to stories of our times from the Times and the Sunday Times. |
| 1:07.2 | I'm David Aronovich. |
| 1:08.4 | Today, the re-education of Jack Mar. |
| 1:21.4 | So we don't know where Jack Mar. We know that he was called in by the regulators on November the 2nd |
| 1:26.0 | with the senior executives from Alibaba to answer questions. The famously |
| 1:30.0 | outspoken 56 year old making headlines in October after delivering a speech |
| 1:34.8 | critical of the Chinese government accusing financial regulators of |
| 1:38.6 | suffocating innovation and likening its banks to behaving like pawn shops. |
| 1:44.0 | That was the last time he was heard of until he turned up in a video call on the 20th of January. |
| 1:50.4 | Nearly three months later, it was a short address just 50 seconds. |
| 1:54.0 | He was addressing a philanthropic organization, a rural teachers initiative organized by his own |
| 1:59.4 | Charitable Foundation. He didn't say very much apart from the fact he was sorry not to be there in person but was indicating that was because of the coronavirus |
| 2:07.1 | He was looking into the camera look quite relaxed wearing a pullover with a sort of modern style watercolor painting behind him. |
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