Jack Ma, the billionaire founder of Chinese Internet giant Alibaba, hasn't been seen in public in months after criticizing government regulators. Philippe Lopez/AFP via Getty Images hide caption
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Chinese regulators ordered the mobile payments company, Ant Group, to make major changes as the government takes a closer look at the tech giant's business practices. AFP via Getty Images hide caption
China's market regulator announced Thursday that it had opened an investigation into the e-commerce giant, Alibaba, for alleged anticompetitive activities. LIONEL BONAVENTURE/AFP via Getty Images hide caption
People visit a showroom of the mobile payment powerhouse, Ant Financial, in China in 2018. Ant Financial, a spinoff from the Alibaba Group, was set to raise $37 billion in an IPO that regulators abruptly halted. AFP via Getty Images hide caption
Alibaba Executive Chairman Jack Ma visited President-elect Donald Trump in January of 2017, as his company was launching an attempt to buy MoneyGram. Mike Segar/Reuters hide caption
Alibaba founder and CEO Jack Ma has much to laugh about. Shares in the company opened Friday at $92.70 on the New York Stock Exchange. The company is now valued at more than $200 billion — that's bigger that Amazon and Facebook. Mark Lennihan/AP hide caption