“Alibaba founder Jack Ma returns to the company’s headquarters in ChinaAlibaba founder Jack Ma made a rare public visit to the company’s headquarters in China. His return comes amid Beijing’s efforts to restore confidence in the private sector after a long crackdown on technology companies.”, — write on: unn.ua
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Despite the fact that the entrepreneur left the position of executive director of Alibaba in 2019, he still remains an iconic figure of Chinese entrepreneurship.
Jack Ma’s return comes at a critical time for China’s private sector, which the government is eager to support, amid multiple economic hurdles.
For example, there has been a long decline in the real estate market, and geopolitical tensions have increased, especially after newly elected US President Donald Trump threatened to impose additional tariffs on Chinese goods.
We will remind
The tech titan, who is known for his outspoken and flamboyant personality, disappeared from public view for two years after being harassed. His companies lost hundreds of billions of dollars. Since then, he has kept aloof, rarely appearing in public.
Instead, he has been traveling the world for the past few years studying agricultural engineering. In October 2021, Ma was in Spain studying agriculture and technology related to environmental issues. He also visited the Netherlands, Japan and Thailand to study agricultural technology.
In May, Tokyo College announced that Ma would hold a faculty position while researching sustainable agriculture and food production.