Jack Ma Resurfaces in Hong Kong Amid Conflict With China’s Financial Regulators

Jack Ma Resurfaces in Hong Kong Amid Conflict With China’s Financial Regulators

(Reuters) Alibaba’s Jack Ma has reportedly reappeared in Hong Kong, about a year since he avoided the public eye following his strong stance against the Chinese financial regulators.

Jack Ma is said to have met business associates in Hong Kong last week, the first public appearance since China initiated a regulatory crackdown on his business empire in late 2020.

Ma’s woes started after he criticized Beijing’s financial regulators in October last year, which led to the cancellation of a planned Ant’s mega IPO.

The Alibaba founder has reportedly made a few public appearances in mainland China. He spoke to a group of teachers via a video in January that eased concerns of his whereabouts.

BABA: NYSE is up +0.67% on premarket.

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