The founder of Alibaba, Jack MaReturn to China and appeared at a school in Hangzhou, Zhejiang province. The trip ends a stay of more than a year abroad that was seen by the industry as a reflection of the cautious mood of Chinese private companies in the face of pressure applied by the regime. Xi Jinping.
Ma, one of China’s best-known businessmen, left mainland China at the end of 2021 and has since been seen in photos in Japan, Australia and thailand. In addition, it is known that in recent days she had been visiting Uruguaywhere he evaluates investments in the meat industry.
Ma, who in his day was one of the most outspoken businessmen in the country, withdrew from the public scene at the end of 2020 after criticizing China’s regulatory systemwhich was later blamed for triggering a broad regulatory crackdown by Beijing.
Although Chinese authorities have said in recent months that they have ended the crackdown and would look for ways to support the private sector, Chinese businessmen said they viewed Ma’s decision to stay abroad as a factor undermining confidence.
The actions of Alibaba in Hong Kong they were up more than 4% after the publication of the SCMP article. Although the note does not indicate when Ma returned to China, it notes that she visited a school she founded in the city of Hangzhou, home to Alibaba and the financial technology company. AntGroup.
He added that he made a brief stop in Hong Kong earlier.
Alibaba did not immediately respond to requests for comment. The school, Yungu Educationsaid on his WeChat account on Monday that Ma had visited his facility and published photographsas well as a video of the founder of Alibaba at school.
Ma has also recently relinquished control of Ant Group, a Chinese fintech giant, in a review that seeks to draw a line under a broader regulatory crackdown.
With information from Reuters
Jack Ma visited a refrigerator in Uruguay and they assure that he is considering investing in the meat sector