30.4 C
Accra
Friday, December 27, 2024
WorldAlibaba founder Jack Ma is back in China after a lengthy absence

Date:

Alibaba founder Jack Ma is back in China after a lengthy absence

Founder of Alibaba, Jack Ma, has reportedly reappeared at a school in Hangzhou after disappearing for three years.

Since 2020, when the 58-year-old began to criticise China’s financial regulators, he has maintained a low profile.

The most well-known Chinese billionaire to vanish during a crackdown on tech entrepreneurs was Mr. Ma.

According to the South China Morning Post, he recently made his way back to China after spending more than a year abroad.

He made a brief stopover in Hong Kong, where he met friends and also briefly visited Art Basel, an international art fair, according to the Alibaba-owned newspaper.

It added that Mr Ma has been travelling to different countries to learn about agricultural technology, but made no reference as to why he had disappeared from public view in recent years.

Mr Ma, a former English teacher, met staff and toured classrooms at the Yungu School in Hangzhou, the city in which Alibaba is headquartered.

He talked about the potential challenges of artificial intelligence to education, according to the school’s social media page.

“ChatGPT and similar technologies are just the beginning of the AI era. We should use artificial intelligence to solve problems instead of being controlled by it,” he said.

Once the richest man in China, Mr Ma gave up control of financial technology giant Ant Group in January this year.

It was seen by some commentators as further evidence that he had fallen foul of the Chinese Communist Party for becoming outspoken and too powerful.

In October 2020, Mr Ma told a financial conference that traditional banks had a “pawn-shop mentality”.

The following month, Ant’s planned £26bn stock market flotation, which would have been the world’s largest, was cancelled at the last minute by Chinese authorities, who cited “major issues” over regulating the firm.

Since then, there have been reported sightings of him in various countries including Spain, the Netherlands, Thailand and Australia.

Last November, the Financial Times newspaper reported that Mr Ma had been living in Tokyo, Japan for six months.

When Mr Ma first stopped making public appearances, it was rumoured that he had been placed under house arrest or had been otherwise detained.

[forminator_poll id="710479"]

Latest stories

Stonebwoy renders apology to his wife for stage misconduct at BHIMFEST

Multiple Award-winning Ghanaian dancehall artist Stonebwoy has issued a...

My decision to concede early was opposed by my campaign team – Bawumia

The presidential candidate for the New Patriotic Party (NPP),...

We will resist any efforts by EC to rig Ablekuma North results – NDC

The National Democratic Congress (NDC) in the Ablekuma North...

As long as I’m alive, rap music will continue to reign – Medikal

Ghanaian rapper Medikal has weighed in on the ongoing...

Investiture of UPSA’s new Vice-Chancellor postponed

The University of Professional Studies, Accra (UPSA) has announced...

Related stories

Biden grants full pardon to son Hunter amid criminal sentencing

US President Joe Biden has granted a full and...

Court issues 2-year suspended death sentence to former Bank of China Chair for bribery, others

Former Bank of China chairman Liu Liange on Tuesday received...

Ghanaians among UN peacekeepers injured in Southern Lebanon attacks

The UN peacekeeping force in southern Lebanon has reported...

Russia denies Trump told Putin to restrain Ukraine war efforts

The Kremlin has rejected media reports suggesting that US...

More than 100 detained as protesters defy Amsterdam’s ban on protests

Dozens of pro-Palestinian protesters were arrested in Amsterdam on...

Traffic jam erupts as cyclists from Zhengzhou to Kaifeng for dumplings

A social media trend that began as a lighthearted...

Adin Ross wins $1.6m on Trump election bet after public endorsement

American streamer and social media influencer Adin Ross scored...

LEAVE A REPLY

Please enter your comment!
Please enter your name here