Monthly plan to access Budget

Journalism of Courage
Advertisement

Chinese entrepreneur Jack Ma living in Tokyo for six months after Beijing’s crackdown: Report

The co-founder of Alibaba Group Holding Ltd. has punctuated his stay in Japan with trips to the countryside and regular visits to the US and Israel, the paper said, citing people with knowledge of his whereabouts.

Ma's months-long stay in Japan with his family has included stints in hot springs and ski resorts in the countryside outside Tokyo and regular trips to the US and Israel, the Financial Times reported, quoting people with direct knowledge of his whereabouts. (File Photo)

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.

The co-founder of Alibaba Group Holding Ltd. has punctuated his stay in Japan with trips to the countryside and regular visits to the US and Israel, the paper said, citing people with knowledge of his whereabouts. Ma is a close friend of Masayoshi Son, founder of Tokyo-based SoftBank Group Corp. and an early investor in Alibaba.

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. That was followed by an expansive crackdown on the private sector in China, particularly aimed at reining in the power of internet firms. His rare public appearances since then have been closely watched.

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.

Subscriber Only Stories

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.

First published on: 29-11-2022 at 21:25 IST
  • 0
Next Story

Woman who sustained 50% burns now stable, off oxygen support: doctor

Tags:
Home
ePaper
Next Story
close
Express OpinionSanctions on Russia have benefited US petroleum firms the most
X