Devin billionaire founder electronic trade Chinese Alibaba Jack Ma is back Chinese after staying Over a year abroad, collects the Hong Kong newspaper South China Morning Post this Monday. Business man disappeared from Chinese public life in 2020 after criticizing the country’s financial control systemChinese regulators from now on Ant Group IPO suspendedAlibaba’s fintech is under more restrictive regulations for the industry.
Since then, Ma has kept a low profile and numerous international media reported on his travels abroad, to places such as the Spanish island of Ibiza, Thailand or Japan. The Chinese businessman, whose arrest has been speculated, Visited a school in Hangzhou city on Monday (This) Founded in 2017 by Alibaba executivesexclusively as published by said newspaper.
To your mother Resigned as chairman of Alibaba in 2019He draws attention to the fact that subjects such as education and artificial intelligence are discussed with school personnel. value of shares from the e-commerce giant grew 4.28% shortly after 1:00 pm (05:00 GMT) local time Hong Kong Stock Exchangewhere it was quoted.
Beijing has allowed the tech sector to grow for years without much regulation, but in 2020 it will campaign campaign agreed in recent years high penalties for many companies in the industry. Among them is Alibaba. Inflicted a massive antitrust fine of 18,200 million yuan ($2,646 million, €2,458 million) in 2021, the largest of its kind in the country’s history.
In the last two years, Chinese digital giants lost trillions of dollars the aforementioned fine against Alibaba, or Cybersecurity investigation into ‘Chinese Uber’ Didi After going public on the New York Stock Exchange, despite open opposition from the Chinese government, stock crash and the subsequent decision to withdraw them from this market.