Jack Ma, the billionaire and founder of Alibaba, is making a comeback in Hong Kong

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October 13, 2021 01:20 GMT

Amid speculation about his whereabouts, the current visit marks his first visit to the Asian financial hub after pressures began on him, according to a source from Reuters.

The founder of the Chinese e-commerce giant Alibaba Group, Jack Ma, is based in Hong Kong and has met with partners in recent days, Tells Reuters quoted two sources.

The billionaire has been out of the spotlight since last October when he was critical speech towards financial regulators in China caused a scrutiny by the authorities that ended with the cancellation of what was to be the largest public offering in the world, in order to group of ants, owned by your company.

Since then, Ma has dealt with a limited number of public appearances in mainland China. Amidst speculation about his whereabouts, his current visit considers him to be First trip to the financial center Asian after pressure began on him, according to one of the sources.

Ma, who ranks 26th in the list of billionaires in Forbes Sources confirmed that with a fortune estimated at $41 billion, he had held several business meetings with business partners in the past week.

Ali Baba Did not respond Immediately a request for comment was issued by Reuters during non-business hours.

The billionaire is usually located in the eastern city of Hangzhou, the seat of his business empire. He has at least one luxury home In Hong Kong, where some of their company’s operations are also located. Thus, Alibaba is listed on the Hong Kong Stock Exchange.

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Myrtle Frost

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