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Friday, January 27, 2023

After spending time in Japan and appearing briefly in Thailand, Jack Ma has now reappeared in Hong Kong, where he is supposed to meet with finance executives.

  • Jack Ma is reportedly back. He this time he is in Hong Kong, meeting with financial executives.
  • He has been traveling in many countries, including Japan and Thailand.

Jack Ma, the elusive billionaire founder of Alibaba, mostly disappeared from public view two years ago after a run-in with authorities.

However, there have been sporadic appearances. He was recently spotted in Thailand and was previously reportedly living in Tokyo for part of 2022.

Now he has resurfaced again, and was seen in Hong Kong, meeting with financial executives, according to a report Friday in the Hong Kong Economic Times.

The tech mogul has also been making regular visits to the US and Israel, according to the report.

News of his reappearance in Hong Kong comes just weeks after Ant Group said Ma would relinquish control of his company. That’s to prevent any one shareholder from having a control vote over the company, Ant Group said.

Ma, worth about $35.2 billion according to the Bloomberg Billionaires Index, has kept a low profile since 2020 after he delivered a speech criticizing China’s financial regulatory system.

With his company just days away from going public for a whopping $37 billion, he attacked the country’s financial system for operating with a “pawn shop” mentality.

The speech angered Chinese authorities, sparked scrutiny of his company and eventually led to a broad regulatory crackdown on Chinese tech companies.

Once the richest man in China with a net worth of $61 billion as of October 2020, his wealth plummeted after a crackdown on tech companies.

Representatives for the Jack Ma Foundation did not immediately respond to Insider’s request for comment.

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