Alibaba founder Ma spotted in Mallorca in rare trip abroad after China scrutiny
MALLORCA, Spain (Reuters) – Alibaba Group founder Jack Ma was on the Spanish island of Mallorca the place his luxurious yacht is anchored, two Spanish newspapers acknowledged on Wednesday, on his first trip abroad since he fell out with China’s regulators in 2020.
The Chinese billionaire has largely been out of public view since he publicly criticised China’s regulatory system in a speech last yr. His empire promptly acquired right here beneath heavy scrutiny by regulators, that even led to the suspension of Ant Group’s $37 billion blockbuster IPO.
The Diario de Mallorca newspaper acknowledged Ma was seen on Tuesday in the port of Andratx purchasing for home decor at a neighborhood retailer.
The superyacht Zen has been transferring alongside Mallorca’s northwestern coast for the previous couple of days and was in Andratx on Tuesday.
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