Recent reports from China seemingly indicate that the Chinese government is planning to nationalize Alibaba and the Ant Group, founded by mogul Jack Ma. The Chinese Communist Party (CCP) has forged ahead with the antitrust investigation into the e-commerce giant. The administration is investigating the company for suspected monopolistic activities,

Chinese billionaire Jack Ma is gaining media attention after reports surfaced that he had not been seen in public for over two months. Speculation around Ma’s safety and wellbeing was furthered by the fact that he failed to appear as scheduled in the final episode of his own talent show.