Alibaba Group founder Jack Ma, out of sight of the world since the end of last year, is now in Hong Kong and has been meeting with business partners in recent days.
Jack Ma has made a limited number of public appearances in China, but will now be visiting the Asian financial centre, two sources, who requested anonymity, revealed. Reuters.
The founder of the Alibaba group, once the most famous businessman in China, will have met at least “some” business partners over the past week.
Ma, who lives mostly in the Chinese city of Hangzhou, where his business empire is based, owns at least one luxury home in the former British colony that is also home to some of his companies’ offshore business operations.
The former English teacher was out of sight for three months before he reappear in January, which alleviated concerns about his absence and led to a rise in the group’s shares.
Alibaba and its technological rivals have been the target of widespread regulatory repression on issues ranging from monopolistic behavior to consumer rights. The e-commerce giant was fined a record $2.75 billion in April for monopoly violations.
Recall that the Chinese billionaire has not been noticed since he criticized, in October of last year, China’s financial regulators.