While the world is still wondering about the whereabouts of Alibaba and Ant Group founder Jack Ma, CNBC reported that the leading individual was not missing, but simply wanted to avoid the public.
Following that, Alibaba shares jumped 5% after declining more than 3% on Monday following reports of Jack Ma's disappearance.
"He is not missing," said David Faber of CNBC, adding that "all I can say is most likely Jack Ma in Hangzhou, where Alibaba is headquartered, and deliberately did not show himself, but… that does not mean he is missing. ”
Earlier, several media outlets including reported on his disappearance after he was found not making public appearances for more than two months since speaking at a forum in late October where Jack Ma had criticized the Chinese financial system.
This has resulted in the Ant Group company being now under the control of Beijing, where the Ant Group IPO has been suspended due to a number of issues involving the financial technology regulatory environment.
Chinese authorities later launched an anti-monopoly investigation into Alibaba in late December, including urging Ant Group to restructure its operations.
