Chinese millionaire, Alibaba founder Jack Ma in Hong Kong?

 

Jack Ma usually lives in the eastern Chinese city of Hangzhou, where his business empire is headquartered.

Jack Ma, the founder of Alibaba Group, has not been seen in public since the government took over his business empire late last year. He is currently in Hong Kong and has recently met with his business partners.

The Chinese millionaire has been in the spotlight since delivering a speech in Shanghai in October last year criticizing Chinese financial authorities. His remarks sparked a series of incidents that led to the closure of his Ant Group’s big IPO. However, Jack Ma was rarely seen in China after that. It has been reported that Jack Ma's first visit to an Asian financial institution since last October. Alibaba had not yet commented on the matter. All of Jack Ma's statements usually come through the company.

Jack Ma, a former Chinese businessman, met with some of his business colleagues last week, people said. Jack Ma usually lives in Hangzhou, a city in eastern China, where his business headquarters is located. He owns a luxury home in a former British colony (Hong Kong). Some of his companies have overseas businesses there. Alibaba is on the Hong Kong list above New York.

In May, he arrived at the Alibaba campus in Hangzhou during the company's annual "Ali Day" event, according to company sources. On September 1, a picture of Jack Ma became infected on social media in China during a visit to Alibaba and his partner company Fintech, Zhejiang province. The next day, Alibaba promised to invest 100 billion yuan ($ 15.5 billion) by 2025 to support "normal success," one of the largest companies to support a wealth-sharing program led by President Xi Jinping.

Alibaba and its rivals aim to critique issues ranging from one-person behavior to consumer rights. The e-commerce company was fined a record $ 2.75 billion ($ 1 = 6.612 Hong Kong dollars) in April for violating the monopoly law.