Jack Ma, the founder of the Chinese e-commerce giant Alibaba and a billionaire, has been living in Tokyo for about six months, according to a media report
Alibaba co-founder Jack Ma has been living quietly in Japan with visits to the U.S. and Israel after China’s crack down on him. Chinese entrepreneur Jack Ma has been living in Tokyo for nearly six months, after Beijing’s crackdown on the technology sector, the Financial Times reported Tuesday.
Chinese entrepreneur Jack Ma has been living in Tokyo for nearly six months, after Beijing’s crackdown on the technology sector, the Financial Times reported Tuesday.
Once China’s wealthiest and most prominent tech leader, Ma retreated from the spotlight in recent years after his criticism of government regulation landed him in trouble with Beijing, derailing the initial public offering of fintech giant Ant Group Co.
Ma, 58, has largely disappeared from public view since he criticised the Chinese regulators in 2020, accusing the state-run banks of having a “pawnshop mentality” and calling for bold new players that can extend credit to the collateral poor.
In Tokyo, Ma has kept to a handful of private members’ clubs in the central districts of Ginza and Marunouchi, the FT said. He’s also brought along his personal chef and security staff and become an enthusiastic modern art collector, the paper added.
Ma, previously a high-profile fixture at business conferences, led large-scale international donations of protective equipment and other gear the world needed in the early days of the pandemic.
