Jack Ma's run-in with Beijing not only saw him disappearing for over 2 years, it also cost his companies over $850 billion
Jack Ma's empire came under regulatory scrutiny following his criticism of Beijing in late 2020.Jack Ma's Alibaba and Ant Group collectively lost $850 billion in value since their peak in 2020.On Friday, Beijing announced a $985 million fine for Ant Group, signaling an end to the crackdown.
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