The billionaire founder of alibabaJack Ma, lies live in Tokyo for six months after the deterioration of his relations with the authorities of China and his disappearance from public life in that country, according to the paper Financial Times (FT).
But he remained in the Japanese capital with his family and in recent months he has also traveled to other parts of Japan, as well as frequent visits to the United States and Israelamong other countries, according to sources close to the FT tycoon.
The Chinese businessman has kept a very low profile since falling out with Beijing in late 2020, over his criticism of the financial bureaucracy of the Asian giant and the frustrated IPO of its financial tech company (“fintech”) AntGroup.
The Ant Group fiasco has been compounded by the largest antitrust fine in Chinese history, imposed by Beijing on Alibaba in April 2021, worth $2.8 billion.
Ma’s absence from public life in China coincided with the country’s new restrictions under the “zero covid” policy. in some of the main cities of the country, including Shanghai or Hangzhou, where Alibaba has its headquarters and where the entrepreneur also has a home.
How is the secret life of Jack Ma in Japan
During his stay in Tokyo, Ma also opted for discretion and reduced his social life to a series of private clubs in the exclusive districts of Ginza and Marunouchifrequented by other Chinese businessmen residing in Japan or spending long stays in the country, according to the sources cited.
Its presence in Japan gave rise to speculations on Ma’s movements linked to Ant Group, whose control the Chinese businessman intends to cede, as well as to Alibaba.
The Japanese tech giant soft bank In fact, he announced a reduction of his shares in Alibaba from 24.28% to 23.73% between April and June, an operation that coincided with Ma’s stay in Tokyo and which saw the Japanese company register a gain of 5, 37 trillion yen (37.130 million euros).
Ma himself served on the board of directors of Softbank until mid-2020, while the founder and CEO of the Japanese group, son masayoshihe also held a position on Alibaba’s board of directors until similar dates.
With information from EFE.
SL
Source: Clarin
Linda Price is a tech expert at News Rebeat. With a deep understanding of the latest developments in the world of technology and a passion for innovation, Linda provides insightful and informative coverage of the cutting-edge advancements shaping our world.