Scissors suggested that the government has a variety of options for reining in or breaking up Alibaba, including a forced sale of non-core assets to a designated list of buyers on anti-monopoly grounds. This is not the first time a business will be going down for talking against the government methodologies. The maximum sentence for fraudulent securities issuance was raised from five to 15 years, Xinhua said.
Xiao Qiang, University of California at Berkeley " If any company announcements oppose the official stance, do not publish, do not re-post, do not quote foreign media", the directive said, according to two people who read it.
"We view the issuance as somewhat exploratory given the broader uncertainty around Ant/Jack Ma", said Chuanyi Zhou, a credit analyst at Lucror Analytics in Singapore. How is this related to the probe?
"But certainly it's remarkable ... the silence is somewhat deafening", Clark said, adding that he expects Ma to eventually come out publicly with a scripted statement about contributing to reform in China.
Forbes lists the Chinese tech billionaire's net worth at $US58.1 billion ($75 billion), making him the second richest man in China and the 20th richest person in the world. The increased scrutiny Alibaba and Ant have faced in China, putting them further at the mercy of Beijing, have raised USA officials' concerns in recent weeks, according to one of the people familiar with the matter.
"It's discipline", Scissors said, noting that regulators had previously approved plans for Ant's IPO. Beijing's competition regulators then launched an investigation into Alibaba, in which Ma still holds a 5 per cent stake, sparking the share price fall.
The Alibaba founder's absence was quite noticeable in the talent awards of his conglomerate "Africa's Business Heroes" at the end of November past year.
Given that, there may be some truth to a large amount of speculation in the media that the main Chinese tech companies grew to the size they have with the tacit approach of the government. Ma's alleged disappearance and before that his fall from grace came after the billionaire criticised China's regulatory system in October a year ago.
Sacha Baron Cohen hails Donald Trump getting kicked off social media
Late previous year he released a Borat sequel that went viral for an embarrassing moment involving Trump surrogate Rudy Giuliani . He said, "There was a goal to this movie, and I don't really see the objective of doing it again".
"We can not use the way to manage a railway station to manage an airport", he said.
During the year, the company participated in more than 170 funding rounds totaling 249.5 million yuan ($ 38 million), according to ITJuzi's Chinese startup database.
A point of no return? .
But a report from CNBC, citing unnamed sources, claims he is "lying low", not missing.
"We're seeing with the telecommunications companies and with the ADRs the kind of worst-case scenario because you have a tremendous amount of confusion", said Nicholas Turner, a lawyer at Steptoe & Johnson LLP in Hong Kong who specializes in economic sanctions.
Derek Scissors, an Asia economist and resident scholar at the American Enterprise Institute in Washington, dismissed the notion that the crackdown was prompted by needed financial reforms rather than retaliation against Ma. However, during the conference, he commented on the banking system which caused the trouble. "To innovate without risks is to kill innovation".