Prominent Chinese billionaires, together with Lenovo group founder Liu Chuanzhi, and the President of Didi Chuxing, Liu Qing have cleared their Weibo accounts and solely made content material from the final 6 months seen, native media reported.

Weibo is a Chinese microblogging platform and is extensively utilized in China as a substitute for Twitter, which is inaccessible within the nation.

It has additionally been found that a number of different well-known Chinese billionaires have additionally all of a sudden emptied their Weibo accounts, together with Zhang Yiming, founding father of ByteDance, and Wang Xing, founding father of Meituan, a report mentioned.

The sudden transfer by plenty of outstanding personalities has led to speculations on the Chinese social media that the massive tech entrepreneurs are afraid of one thing.

Weibo and different social media had been thought of good Public Relations channels and tech bigwigs have been utilizing social media to speak about their future improvement plans, the report mentioned.

But all of them have given up on the social media platforms maybe as a result of they knew it’s a delicate time and is harmful to talk publicly, the report added.

Meanwhile, a TV channel CCTV reported on Tuesday that the Hangzhou State Security Bureau took legal measures towards sure “Ma” and detained him, who was suspected of utilizing the Internet to interact in actions inciting secession, inciting subversion of state energy and endangering nationwide safety.

The information was rapidly related to Alibaba Group founder Jack Ma as Hangzhou was the headquarters of each Alibaba Group and the Ant Group, each Jack Ma owned firms.

In addition, as Ant Group was caught within the whirlpool of controversies, and the IPO of Ant Group was blocked by the authorities; folks had been fast to imagine that the Hangzhou case is expounded to “Jack Ma, aka Ma Yun” and the information began trending on Weibo.

However, the occasion reported by CCTV had really occurred on April 25 and was reported greater than every week later with obscure language and missing particulars.

The information led to a steep drop in Alibaba’s inventory worth in Hong Kong which fell by round 9.4 per cent.

Some imagine that each one of this was intentionally executed by the Chinese Communist Party (CPC) to provide a stern warning to Jack Ma.

Jack Ma’s Alibaba, Taobao, Ant Financial and different firms maintain the private info of a whole bunch of hundreds of thousands of residents, are a hidden concern of the Central Committee of the Communist Party of China, and they’re additionally thought of to have the potential to “subvert state power”.

As the extension of Xi Jinping’s time period is seen as an overriding precedence by the Central Committee of the Communist Party of China, folks imagine that in right this moment’s time something can occur to the tycoons and it doesn’t appear like a far-fetched concept {that a} large enterprise tycoon is arrested, the studies mentioned.