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News Alibaba's Jack Ma hiding out in Tokyo

thomas

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According to the Financial Times, Jack Ma, the Alibaba founder and once the most prosperous business leader in China, has been living in central Tokyo for nearly six months amid Beijing's ongoing crackdown on the country's technology sector. Ma's stay in Japan with his family has included stints at hot springs and ski resorts in the countryside outside Tokyo and regular trips to the U.S. and Israel, according to people with direct knowledge of his whereabouts. Since Ma criticized Chinese regulators and state banks two years ago, the billionaire has largely disappeared from public view. Both companies he founded, Ant and e-commerce group Alibaba, have faced regulatory obstacles. Ma has kept a low profile during his stay in Tokyo, bringing his chef and security with him and keeping his public activities to a minimum. His social activities centre around a small handful of private members' clubs, one based in the heart of Tokyo's posh Ginza district and another in the Marunouchi financial district. He has also used his time in Japan to expand his business interests beyond the e-commerce technologies of his two companies and into the fields of sustainability.




Sources:

Alibaba founder Jack Ma living in Tokyo since China's tech crackdown

 
Tokyo University announced that Jack Ma would be a visiting professor at Tokyo College, a research institute run by the university. Ma will carry out research in sustainable agriculture and food production, it said in a statement.



 
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