Here's why China's billionaires keep going missing, and how the crackdown on the country's billionaire class has been affecting the world's second largest economy.
when he was recently spotted at the Yungu School in Hangzhou, where the company is headquartered. He had rarely made a public appearance since he irked the Chinese Communist Party for criticizing the country's financial regulatory system in 2020.
Ma wasn't the first billionaire who mysteriously disappeared from public view. In 2015, Guo Guangchang, who is known as China's Warren Buffett, went missing. The company later said he was assisting authorities with an investigation. The mysterious disappearance of China's billionaires hasn't stopped yet. In February, Bao Fan, a renowned investment banker, became theon the list of "vanishing billionaires." However, a few days later, his company said he was "cooperating in an investigation being carried out by certain authorities in the People's Republic of China."
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