Chinese tech billionaire Jack Ma has vanished from his own reality TV show as Beijing launches a probe into alleged monopoly.
It comes after Chinese regulators announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over the country’s fast-growing tech industries.
The market regulator said it was looking into Alibaba’s policy of ‘choose one of two’, which requires business partners to avoid dealing with competitors.
The one sentence statement gave no details of possible penalties or a timeline to announce a result.
Alibaba’s founder Jack Ma is China’s richest entrepreneur and one of the country’s best-known figures. Read from source….