Where is Alibaba founder Jack Ma? Partying in Bangkok, reports say World news
Alibaba Group founder Jack Ma was seen socializing in Bangkok this week, Reuters reported citing local media and social media posts. Jack Ma has been out of the public eye since Chinese regulators launched a major crackdown on his business empire in 2021.
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The aforementioned Kannada billionaire has not made any public comments since he attacked China’s financial regulators in a speech in Shanghai in 2020, following which Ant Group’s Mega IPO was shelved.
Jack Ma was spotted in a post by Michelin star chef Supinya “Jay Fai” Junsuta on Instagram, who posted on Friday a photo of himself with the billionaire with the message “incredibly humble, we are honored to welcome you and your family to Jay Do.”
Local media reported that Jack Ma was at the restaurant with Supakit Chearavanont, Chairman of the Charoen Pokphand Group (CP Group) and Charoen Pokphand Foods PCL, Thailand’s largest agribusiness group.
Jack Ma also attended a match at Bangkok’s Rajadamnern Stadium where he appeared with Thai boxing champion Sombat “Buakaw” Banchamek, reports said.
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The billionaire is set to cede control of Chinese fintech giant Ant Group in an overhaul following a crackdown process that has been in place for the past two years. Chinese tech companies, including Alibaba and Ant, have been the target of a regulatory crackdown on issues such as monopolistic behavior and consumer rights.
