Jack Ma makes uncommon go to to Alibaba headquarters in Hangzhou

Jack Ma makes rare visit to Alibaba headquarters in Hangzhou - Times of India

Jack Ma has stored an especially low profile since October.

BEIJING: Alibaba founder Jack Ma, largely out of public view amid a regulatory clampdown on the group, made a uncommon go to to its Hangzhou campus on Monday through the e-commerce large’s annual “Ali Day” employees and household occasion, firm sources mentioned.
The billionaire has stored an especially low profile since delivering a speech in October in Shanghai criticising China’s monetary regulators, which set off a series of occasions that led to the shelving of what would have been a document $37 billion preliminary public providing of Alibaba’s affiliate Ant Group.
On Monday, Ma was seen in an open-air campus shuttle bus with numerous Alibaba executives, in line with {a photograph} taken by an worker on the occasion, seen by Reuters. Carrying a blue T-shirt, white trousers and a pair of Chinese language-style material sneakers, Ma was smiling.
“It is so thrilling to see Jack,” mentioned the worker, declining to be named.
“It is a pity there was no likelihood to take a photograph with him.”
China’s most well-known entrepreneur, Ma loved cult-like standing amongst employees even after stepping down as chairman in 2019.
Ma, who is predicated in Hangzhou, disappeared from public view for 3 months earlier than surfacing in January, chatting with a bunch of lecturers by video, which despatched Alibaba shares surging, however has not made every other public appearances since then.
Final month, regulators imposed a sweeping restructuring on Ant Group, whereas Alibaba was hit with a document antitrust high quality of 18.2 billion yuan ($2.84 billion) after an investigation discovered it abused its market dominance.


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