2021-01-04 Here Is Why Jack Ma Should Keep Silent......

Jack Ma, the founder of China's biggest e-commerce empire, Alibaba, also the actual controller of Ant Group, China's biggest internet finance company, has disappeared from the public since late October 2020.

The world's biggest IPO of his Ant Group was adjourned at the last minute by China's regulators, and millions of investors are eager to know what went wrong behind that.

Before the suspension of the IPO, China Mainland's investors in Shanghai's KSE market had put over 19 trillion RMB, the equivalent of over 2.7 trillion US dollars, to subscribe to Ant Group shares, 870 times more than the stock's offering in Shanghai. In Hong Kong, 1.55 million investors, about 20% of Hong Kong's population, had launched subscriptions for 1.3 trillion Hong Kong dollars, an equivalent of over 167 billion US dollars, for the Ant Group IPO, 394 times more than the offering in Hong Kong stock market.

If Ant Group's shares were listed successfully, Jack Ma should have been one of the wealthiest people in the world, if not the richest one, but China's regulators dealt him a fatal blow just 2 days before the shares were supposedly put on open Markets in Shanghai and Hong Kong.