Jack Ma would be on vacation in Spain in the company of friends and business associates. The news comes shortly after the founder of Chinese e-commerce giant Alibaba Group reappeared in Hong Kong amid speculation about his whereabouts.
As reported by the Hong Kong newspaper on Tuesday The Standard, Ma would have flown to the Iberian country in a private ‘jet’ at dawn on October 16. Later, he settled on a yacht of his property in Ibiza, from where he set out to sail for rest.
The billionaire had kept a low profile before his public appearance last week when he met with some of his associates. According to sources quoted by the outlet, Ma kept a “busy schedule” during his stay in Hong Kong, attended numerous dinners and played golf with close friends.
Since October 2020, the businessman had stayed out of the limelight since his critical speech towards China’s financial regulators caused scrutiny from authorities that ended with the cancellation of what was to be the largest public offering for sale. of the world, by Ant Group, owned by your company.
Since then, Ma has handled a limited number of public appearances in mainland China. Amid speculation about his whereabouts, his latest visit to Hong Kong marked his first trip to the Asian financial center after pressure against him began, according to sources.