Chinese Billionaire Alibaba co-founder Jack Ma is reportedly missing for over two months after he gave a controversial speech in October 2020.

Jack Ma did not even show up for the final episode of his own talent show, Africa’s Business Heroes in November. Ma was replaced by Lucy Peng, an Alibaba executive, to judge the show. His picture was also removed from the show's judging panel webpage, Financial Times reports.

Jack Ma, in a speech on October 24, criticized China’s financial regulators and state-owned banks and called for reforms.

"Today’s financial system is the legacy of the Industrial Age. We must set up a new one for the next generation and young people. We must reform the current system," Ma said in the speech.

This speech allegedly angered the Chinese government. His business empire, Ant Group, has been under scrutiny ever since the speech.

Jack Ma was involved in charity work and has donated millions of face masks to Europe, the US, and the World Health Organisation during the coronavirus pandemic. He also donated 2,000 ventilators to New York hospitals.

According to The Wall Street Journal, the government officials reprimanded Ma and suspended the $37billion initial public offering of his Ant Group.

An investigation was launched into Ma's Alibaba Group Holding on Christmas Eve. Alibaba's shares to drop by a quarter since their peak shortly after the October speech, wiping more than $10billion from his fortune.

Ma now has an estimated current net worth of $63.1billion, according to the Bloomberg Billionaires Index.

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