Alibaba founder Jack Ma hiding in Tokyo amid China’s crackdown on star tech companies: Reports

Alibaba founder Jack Ma has been hiding in Japan’s Tokyo amid China’s crackdown on star tech companies, newest stories say.

New Delhi,UPDATED: Nov 30, 2022 14:28 IST

Chinese billionaire and Alibaba founder Jack Ma. (Photo: Reuters)

By India Today Web Desk: Alibaba founder Jack Ma has been hiding in Japan’s Tokyo along with his household amid China’s crackdown on star tech companies and its strongest and rich enterprise individuals, newest stories say.

Jack Ma is thought for his charismatic and outspoken nature, however he could have pushed the boundaries too far throughout an October 24 occasion, the place he criticised Chinese regulators for stifling innovation.

During the convention in Shanghai, Ma had even in contrast Chinese banks with pawn retailers. To sum it up, only a month earlier than Ma’s Ant Group was about to launch the world’s greatest IPO, he went forward and immediately criticised the Chinese authorities, or the ruling Communist Party.

Beijing struck again by stopping his IPO and even summoned Ma and Ant executives to a gathering. The regulators have additionally requested for restructuring Ant Group’s enterprise. The improvement has already value Ma billions of {dollars}.

On Tuesday the Financial Times, which is owned by the Japanese media firm Nikkei, revealed Ma has most just lately been dwelling in Japan.

Citing nameless sources, the paper mentioned that for nearly six months the previous English instructor turned tech famous person has been dwelling in Tokyo along with his household. His time has been spent mixing enterprise and pleasure with visits to onsen (sizzling springs) and ski resorts within the Japanese countryside in addition to common journeys to the US and Israel.

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Nov 30, 2022