Alibaba Group founder Jack Ma, mainly out of the public eye since Beijing regulatory crackdown is currently in Hong Kong, according to a report by Reuters on Wednesday.
- The Chinese billionaire has been maintaining a low profile after delivering a speech in October last year in Shanghai criticizing China’s financial regulators. That situation triggered a series of events that led to the shelving of Ant Group’s Huge IPO.
- As Ma made few public appearances in Mainland China, sources clarified that the visit marked his first trip to the Asian financial hub since October 2020.
- Once an outspoken and famous Chinese entrepreneur, Ma, met a few business associates over meals last week.
- Ma, who is mainly based in the city of Hangzhou, where his business empire is headquartered, owns at least one luxury house in Hong Kong that also hosts some of its offshore business operations.
The former England teacher went missing from the public view for three months before emerging in January. That eased worries about his absence from the limelight, triggering a surge in Alibaba shares. BABA up +0.49%