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Chinese billionaire Jack Ma suspected missing

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Speculation has swirled around Chinese billionaire Jack Ma’s whereabouts after reports surfaced that the high-profile businessman has not made a public appearance in more than two months.

The Alibaba founder also failed to appear as scheduled in the final episode of his own talent show, Africa’s Business Heroes, which gives budding African entrepreneurs the chance to compete for a slice of US $1.5 million.

Ma was supposed to be part of the judging, but was replaced by an Alibaba executive in the November final, UK’s Telegraph reported. His picture was also taken off the website.

An Alibaba spokesperson said Ma was unable to take part on the judging panel “due to a schedule conflict”, according to Financial Times.

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Ma’s business empire, Ant Group, has been under scrutiny by Beijing ever since Ma delivered a controversial speech in Shanghai on 24 October that criticised China’s regulation system for stifling innovation and likened global banking rules to an “old people’s club”.

“Today’s financial system is the legacy of the Industrial Age,” Ma said in the speech.

“We must set up a new one for the next generation and young people. We must reform the current system.”

Little over a week later, Ant’s IPO (valued at a record-setting US $37 billion or AU $48 billion), which had already received the green light from China’s securities watchdog, was suspended, with the Shanghai Stock Exchange saying Ant had reported “significant issues such as the changes in financial technology regulatory environment”.

But US veteran investor Mark Mobius said the move was designed to curtail financial institutions from getting too big.

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“I believe the Chinese government stepped in because they realised that they had to regulate these companies, so that they don’t … get too big,” he told CNBC.

“The Chinese government is waking up to the fact that they cannot allow these companies that dominate a particular sector and particularly the financial sector.”

Chinese authorities launched an anti-monopoly investigation into Alibaba in late December and told Ant Group to restructure its operations

Ma has donated millions of face masks to Europe, the US and the World Health Organisation in a bid to stem the pandemic.

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The billionaire is also involved in charity work, with the Jack Ma Foundation focused on areas of education, entrepreneurship, female leadership, and the environment.

The Foundation has distributed or pledged more than US $300 million, Forbes reported.

Ma’s last tweet was on 10 October last year;

Want 2021 to be your best (financial) year yet? Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to the free Fully Briefed daily newsletter here.”

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Source: Yahoo Finance

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DaBaby says he went from getting $300K for a feature to $150K after recent controversy

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American rapper, DaBaby has revealed that he now gets half of what he used to get paid for a feature verse after a recent controversy.

(more…)

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Napoléon by Abel Gance (1st period) opening Cannes Classics at the 77th Festival de Cannes

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Napoléon by Abel Gance (1st period) opening Cannes Classics at the 77th Festival de Cannes

A legend known to cinephiles the world over, a major work of the silent era, one of the most monumental restorations in the history of filmmaking will be unveiled on May 14 as a world premiere: Napoléon by Abel Gance (1st period), in a version resulting from a colossal, passionate effort by the Cinémathèque française, with the support of the CNC.

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Davido Inks Partnership with UnitedMasters For His Nine+ Records Venture

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Davido Inks Partnership with UnitedMasters For His Nine+ Records Venture

Making yet another major power move, three-time GRAMMY® Award-nominated Nigerian global superstar and Afrobeats pioneer Davido has inked a deal with UnitedMasters for his recently launched label Nine+ Records.

In this groundbreaking collaboration, Davido will spearhead artist development, A&R, and behind-the-scenes curation, nurturing a pioneering lineup of artists across the continent under Nine+ Records. United by a shared vision, the teams will work together to introduce and foster talent, amplifying Davido’s influence and extending his reach even further. This partnership marks a pivotal moment in shaping the future of African and world music.

Together, the teams will collaborate closely in order to not only introduce, but cultivate career talent. It only expands Davido’s influence and reach.

Read Also: Davido gifts fan $50k to payoff student loans

Of today’s announcement Davido said, “I couldn’t be more proud to partner with Steve and the team at United Masters, this announcement represents an exciting new chapter for developing and established artists around the world.”

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Steve Stoute, Founder and CEO of UnitedMasters states, “Over the last 2 years, we’ve proven our commitment to Africa investing in artists, education, and technology. Today, we are doubling down. With this new venture with Davido & the launch of Nine Plus Records, we reinforce our mission in becoming a bridge for artists on the continent. Together we’ll identify & develop new artists while supporting them with brand and synch opportunities.”

Nine+ Records will be announcing more artists and partners in the future.

Last night, Davido just sold out one of the most iconic venues in the world, headlining Madison Square Garden in New York City. He ignited the stage with what will be remembered as a historic set, bringing Afrobeats to the Big Apple in the biggest way possible. In advance of the show, he extensively spoke to Billboard who praised how “Performing in New York has also become a special ritual” for him.

This news also arrives on the heels of various major company announcements for UnitedMasters. The company locked down a high-profile alliance with SymphonyOS and Groover. Plus, it hosted its annual “A Celebration of Independence” GRAMMY® Concert at the Palladium in Hollywood, CA. The show boasted an all-star lineup, including headliner Davido, Uncle Waffles, Tokischa, Donavan’s Yard, and NLE Choppa. Of the latter, The Source wrote, “This marked the first time UnitedMasters featured international acts, solidifying its impact and representation within the global independent artist movement.”

Stay tuned for a whole lot more soon

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Record Rainfall in UAE: Dubai in Chaos as Streets Flood

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Chaos swept through the United Arab Emirates as it faced the most intense rainfall in 75 years, with certain regions recording over 250 mm (approximately 10 inches) of rain within a mere 24-hour period, as per the state’s media office statement released on Wednesday, April 17. (more…)

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Ashanti & Nelly Are Engaged, Expecting First Child Together

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Nelly and Ashanti are working on a special duet! (more…)

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Baloji and Emmanuelle Béart will co-preside over the Caméra d’or Jury of the 77th Festival de Cannes

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The 77th Festival de Cannes will feature an unprecedented yet self-evident pairing at the head of the Caméra d’or Jury. As rich dialogue and inspiring gaze arise from encounters, the Festival de Cannes is eager to bring together Emmanuelle Béart and Baloji to co-preside over the Jury that will honor one of the first films presented in the Festival’s Official Selection or its parallel sections.

An unprecedented pairing since French actress Emmanuelle Béart and director and songwriter Baloji, who evolves in Belgium and the Democratic Republic of Congo, have never met. She has worked with some of the world’s greatest filmmakers, dazzling both screen and stage with her incandescent performance. He is a bold, visionary creator, who made two short films before receiving the New Voice Prize at Un Certain Regard in 2023 for his acclaimed debut feature Omen.

 

An obvious pairing as both are free spirits with no limits, who rely on their art to achieve creative freedom. Through her impressive filmography and her humanitarian commitment, Emmanuelle Béart is forever supporting a filmmaking to be shared, to emancipate, transcend borders and help us live together. Baloji, in his first feature film with impressive aesthetic mastery, delivers a chronicle that transcends otherness through the prism of magical realism.

 

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Delighted to be paired at the head of the Caméra d’or Jury, Baloji and Emmanuelle Béart will combine their voices to welcome the first features of filmmakers who look at the world with inspiration, tell us about it with emotion and invite us to discuss it with the conviction of beginnings. “Being a self-taught filmmaker and a filmmaker from the Congolese diaspora,” confides Baloji, “it’s a great honour to be able to witness the vitality of first-time directors, to discover their strong singularities and their inaugural work, which will have a lasting impact on the identity of their filmography.” Emmanuelle Béart declares: “A first film is about the impossibility of doing anything other than delving into the depths of one’s being to find out what we can’t keep quiet about. A deeply moving and terribly free birth: no one is waiting for you yet. We will honor our duty with wonder and respect.”

 

The Caméra d’or Jury has been co-chaired three times before: by actress Françoise Fabian and director Daniel Schmid in 1996, by Marthe Keller and Géraldine Chaplin in 2002, and by brothers Luc and Jean-Pierre Dardenne in 2006.

 

In 2023, the Caméra d’Or was awarded to Pham Thien An for Inside the Yellow Cocoon Shell  by the Jury presided over by French actress Anaïs Demoustier

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