Founder Alibaba Jack Ma is based in Bangkok
2023.01.07 10:05
Founder Alibaba Jack Ma is based in Bangkok
Budrigannews.com – Alibaba, Inc. Social media posts and reports from local media indicated that group founder Jack Ma had been kept out of the public eye since regulators in China imposed a clampdown on his business empire at the end of 2021. This week, he was seen having a social event in Bangkok.
Since 2020, when he gave a speech in Shanghai in which he criticized China’s financial regulators and set off a chain of events that led to the cancellation of his Ant Group’s massive IPO, the once-outspoken Chinese billionaire has spoken little.
Supinya “Jay Fai” Junsuta, a Michelin-starred chef, posted a picture of himself and Ma on Friday to his Instagram account. The caption read, “incredibly humble, we are honored to welcome you and your family to Jay Fai’s.” This was the most recent sighting of Ma.
Ma was also at the restaurant with Supakit Chearavanont, Chairman of the Board of Charoen Pokphand Group (CP Group) and Charoen Pokphand Foods PCL, Thailand’s largest agribusiness group, according to a number of local media outlets.
When Reuters inquired about the meeting, CP Group declined to comment.
In addition, the media reported that Ma attended a boxing match at Bangkok’s Rajadamnern Stadium and posed with Thai boxing champion Sombat “Buakaw” Banchamek for a picture.
Reuters contacted the Jack Ma Foundation for information, but they did not immediately respond.
In an effort to end the regulatory crackdown that began shortly after the Chinese fintech giant Ant Group’s $73 billion IPO was scuppered two years ago, Ma will give up control of the company.
A wide-ranging regulatory crackdown on issues ranging from monopolistic behavior to consumer rights has targeted Chinese tech firms like Alibaba and Ant.
More Ant Group founder Jack Ma loses control of the company
