JAKARTA – Co-founder raksasa e-commerce Alibaba Group, Jack Ma reappeared in Hong Kong after ‘disappearing’ during October and not being seen in public. According to a Reuters report, Jack Ma, who is worth $35 billion, has disappeared since Beijing’s tough regulatory crackdown on his business last year. Also Read: Billionaire Jack Ma Buys Rp2.9 Trillion Land, What Do You Do? For the first time since October, Ma was in Hong Kong to meet business associates over a group meal. Earlier, the billionaire had been outspoken about China’s financial regulators in a brief speech in Shanghai. Since then, he angered the authorities and ended up getting a bad look. Ma has made modest appearances in Mainland China, including making video calls with rural teachers in China in January and a campus visit to Hangzhou in May. Also read: Jack Ma secretly bought land for Rp. 2.9 trillion, apparently he wants to build this Launching Forbes, Thursday (14/10/2021), the fintech company, Ant Group, had planned to conduct an Initial Public Offering (IPO). Then Jack Ma suddenly disappeared from public view while Chinese regulators began moving to shut down the business. Beijing later tightened fintech regulations and targeted Ma’s e-commerce giant Alibaba Group, accusing it of being a monopoly.
