Alibaba founder Jack Ma has returned to China after a year. Jack Ma is one of the most famous businessmen in China. He left China at the end of 2021. After that he spent his time in Japan, Australia and Thailand. The South China Morning Post (SCMP) reported on Monday that Jack Ma lived overseas for more than a year. But now as soon as Jack Ma returned to China, Alibaba’s shares saw an increase of more than 4%.
According to sources, Alibaba shares in Hong Kong have increased by more than 4% after the SCMP report was released. The SCMP report did not specify when Jack Ma returned to China, but cited sources saying that he visited a school in the city of Hangzhou. Where he discussed about education and ChatGPT technology.
Jack Ma met his friends after returning to China and also visited the international art fair Art Basel and said that he is traveling to many countries to learn about agricultural technology, but did not disclose that why did he suddenly disappear from the public eye in recent years? On the other hand, he also relinquished control of the fintech company in January this year.
The plan was to bring the world’s largest IPO
In the month of October 2020, Jack Ma had said in a financial summit that traditional banks have pawnshop mentality (mentality of becoming a pawn of the government). After this, there was a plan to bring the world’s largest IPO worth about $ 180 billion at the end of next month. Which was canceled at the last minute.
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