Jack Ma, founder of Alibaba and former richest man in China, has been living in central Tokyo for nearly six months.

(Reuters)

[Compile Lu Yongshan/Comprehensive Report] According to the British Financial Times, Jack Ma, the founder of Alibaba and the former richest man in China, has been living in the center of Tokyo for nearly 6 months. China's technology industry and the most powerful businessmen continue to suppress regulations,

Ma spent months with his family in Japan, stopping at rural hot springs and ski resorts outside Tokyo and making regular trips to the U.S. and Israel, according to people with direct knowledge of his whereabouts.

Please read on...

Jack Ma has all but disappeared from public view since criticizing Chinese regulators at a financial summit on the Bund in Shanghai in October 2020, accusing state-owned banks of "pawn shop thinking." A series of regulatory crackdowns.

Chinese regulators last year canceled Ant Financial's $37 billion initial public offering (IPO) and fined Alibaba a record $2.8 billion for abusing antitrust laws.

Ma's departure from China coincided with Chinese leader Xi Jinping's escalation of measures to contain the novel coronavirus outbreak, which led to a severe lockdown of Shanghai and the surrounding Yangtze River Delta region in April and May and sparked nationwide protests in recent days.

Jack Ma has a home in Hangzhou, where Alibaba is headquartered.

Since his clashes with Chinese authorities, Ma has appeared in various countries, including Spain and the Netherlands.

The reduced time spent at home in China means the billionaire has avoided the draconian quarantines he faces when entering the country, as well as the thorny political issues raised by his previous building of influence in the country's power establishment.

Ma has kept a low profile during his stay in Tokyo, bringing a personal chef and security with him and keeping public events to a minimum, people familiar with the matter said.

His social activities center around a handful of private members' clubs, one in Tokyo's bustling Ginza district and the other in the Marunouchi financial district facing the imperial palace.

The Ginza-based club has become a busy but discreet social hub for wealthy Chinese who are either settling in Tokyo or staying there for extended periods, according to members.

People involved in Japan's contemporary art scene say Ma has become an avid collector.

Friends close to the billionaire say he has turned to watercolors to pass the time after being forced to retreat from his frenzied public life.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news