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Alibaba founder Jack Ma returns to China after crackdown on tech billionaires

Jack Ma, the once-prosperous billionaire founder of tech giant Alibaba, re-emerged in China last week after more than a year in exile.

Jack Ma’s reputation in China It was after he dared to criticize the Chinese Communist Party at a meeting in Shanghai in October, along with most of his property 564.

Ma completely disappeared for about three months after the Shanghai event ended, during which time he was purged from various events and websites, including a TV show he once hosted. When Ma reappeared, the ebullient billionaire visibly lowered his profile.
Meanwhile, Alibaba Under anti-monopoly investigation by the Chinese government, and Jack Ma’s giant financial company Ant Group is ) fined Over a billion dollars. Many other Chinese tech companies are feeling the sting of an industry-wide crackdown that has wiped out billions of dollars in value.

After a year of low-key, Jack Ma

came back out of the rivers and lakes In Japan last December, it was reported that he was in the spring of 22262113 and Family moved there*). Friends say he is quietly pursuing hobbies like art collecting and watercolor painting.

BBC reported on Monday Ma finally returned to China, made a brief stop in Hong Kong to visit and attend an art fair with friends before continuing on to Hangzhou, where Alibaba is headquartered.

Chinese President Xi Jinping, front row center with a group of CEOs and others at Microsoft’s main campus in Redmond, Wash., Wednesday, Sept. Senior executives took a group photo

, 2015. Front row from left: Facebook’s Mark Zuckerberg,’s Liu Qiangdong, Cisco’s John Chambers, Alibaba’s Jack Ma, IBM’s Rometty, Chinese President Xi Jinping, Microsoft’s Satya Nadella, Chinese internet czar Lu Wei, Apple’s Tim Cook, Tencent’s Ma Huateng and Amazon’s Jeff Bezos. Middle row from left: Chaoyang Zhang from Sohu, Lisa Su from AMD, Yuanqing Yang from Lenovo, Xiangyang Shen from Microsoft, Steve Mollenkopf from Qualcomm, Qunli Zou from CETC, Brian Krzanich from Intel, Qihoo 23 Zhou Hongyi of LinkedIn, Reid Hoffman of LinkedIn and Cao Guowei of Sina. Back row from left: Shuguang Li Jun, Didi Kuaidi’s Cheng Wei, Broadband Capital Tian Suning, CEC Liu Liehong, Baidu Zhang Yaqin, AME Cloud Ventures Yang Zhiyuan, Inspur Sun Bishu, AirBnB Brian Chesky, Sequoia Capital Shen Nanpeng. (AP Photo/Ted S. Warren, Pool)

Ma, who A former teacher, visited a private school in Hangzhou and talked about technology and education, especially the changes that will be brought about by increasingly powerful artificial intelligence (AI) systems, as ChatGPT. He also reportedly said he hopes to return to teaching one day.

according toSouth China Morning Post (South China Morning Post), Ma Yun claimed to have gone abroad to study agriculture, but did not mention his disappearance and long-term silence of the Chinese government after the criticism.

thisSCMP noticed Ma’s “The whereabouts are closely watched,” so his travel plans may have been carefully crafted to deliver a message.

Reuters on Monday quoted rumors of Jack Ma’s return Visiting China at the invitation of Premier Li Qiang, he believes Ma’s return to public life in China can “help boost business confidence among entrepreneurs”. In other words, Li hopes Ma will help ease the nerves among Chinese executives and foreign investors who have been jittery over the hit to the tech sector and the aftermath of the coronavirus pandemic.

thisWall Street Journal (Wall Street Journal ) noted that newly installed Premier Li Keqiang “did a good portion of his first press conference earlier this month assuring entrepreneurs of Beijing’s support for the private sector.”

According to multiple sources, Li contacted Ma’s colleagues in Japan and persuaded him to visit China as part of an end to the crackdown and “restricted A signal that policy on tech companies could soon be loosened. Some observers doubt that simply having Ma back from exile will be enough to convince entrepreneurs that autocratic China is safe to do business again.

Analyst Fraser Howie told Reuters: “I can see signs of this easing, but for the Neither the laws nor the institutions established to control the private sector have changed.”

“It doesn’t matter at all to private business because he’s already beaten . The country won, Jack lost his control, his power and his wealth, and it’s not coming back,” Howie said.

Sun Xin, a senior lecturer at King’s College London, told CNBC he suspects that Jack Ma made “some kind of deal” with Beijing authorities to facilitate his public return to China.

“The government is doing this to send a warm signal to the private sector and investors— — If even Jack Ma is considered pardoned, everyone else should feel safe and welcome,” Sun said.



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