AFP, Tokyo
Wed Nov 30, 2022 08:49 AM Last update on: Wed Nov 30, 2022 08:52 AM
Alibaba Group co-founder Jack Ma. Reuters file photo
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Alibaba Group co-founder Jack Ma. Reuters file photo
Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China’s crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.
The billionaire has kept a low profile since the crackdown, which has included Chinese regulators scrapping the IPO of Ma’s Ant Group and issuing Alibaba with record fines.
But the FT said he has spent much of the past six months with his family in Tokyo and other parts of Japan, along with visits to the United States and Israel.
The British newspaper said Ma has frequented several private members’ clubs in Tokyo, and become an “enthusiastic collector” of Japanese modern art, as well as exploring expanding his business interests into sustainability.
Ma has been spotted elsewhere since he effectively disappeared from public view in China, including on the Spanish island of Mallorca last year.
In recent years, Chinese officials have taken aim at alleged anti-competitive practices by some of the country’s…
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