Billionaire entrepreneur 'missing' after criticizing Chinese government

Jack Ma, founder of e-commerce giant Alibaba, has not been seen in public since he delivered a speech critical of China’s economic policies in October.
2:52 | 01/05/21

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Transcript for Billionaire entrepreneur 'missing' after criticizing Chinese government
To the mystery surrounding tech tycoon jack ma. The billionaire founder of Alibaba has not been seen in public since October when he blasted Chinese regulators in a speech. That drew fire from China's leaders and Rebecca Jarvis has the story. Good morning, Rebecca. Reporter: Good morning, George. He is very powerful, very wealthy and generally a very public figure, but since giving this speech that was critical of China's government, jack ma hasn't been seen in public and now many are questioning where is jack ma. He's one of the world's wealthiest tech entrepreneurs worth an estimated $50 billion. No matter we are from a country big, small, rich or poor, everybody should have the equal chance to compete. Reporter: But for the past two months jack ma, the flamboyant founder of e-commerce giant Alibaba, the closest thing in China to Amazon, hasn't been seen in public. The famously outspoken 56-year-old making headlines in October after delivering a speech critical of the Chinese government accusing financial regulators of suffocating innovation and likening its banks to behaving like pawnshops. The speech drawing the ire of the Chinese government triggering an antitrust investigation into his company. He hasn't been seen publicly since, even missing a scheduled appearance on a reality talent show he had previously said he was looking forward to. I like your passion and I like your motto. Reporter: Citing a scheduling ma, a married father of three known for his rags to riches life story raised in communist China the former schoolteacher failing his entrance exams twice. Notoriously turned down for dozens of jobs including one at kfc before finally hitting it big with Alibaba. Matteling Diane sawyer in 2010 China's climate is changing. You think ultimately that there will be a political change because of the economic change? It is changing. If I talk to you like this ten years ago, 20 years ago, I would be squared. I mean 20 years ago I would probably end up in prison. Now we can talk. I do not want to make the government happy but I don't want to make them unhappy. I do not give up. I could have given up a hundred times but I did not give up. I say the job I've been doing is helping millions. Reporter: Experts believe the Chinese government wants to send a message here that no matter how much money you make, you will never be more powerful than the state and sources close to jack mattel ABC news that he is okay but he is lying low for now, guys. Glad he's okay. All right. Thank you, Rebecca.

This transcript has been automatically generated and may not be 100% accurate.

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