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Oct 13 - Alibaba founder who disappeared amid China crackdown re-emerges in Hong Kong



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 2 weeks ago '15        #1
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Oct 13 - Alibaba founder who disappeared amid China crackdown re-emerges in Hong Kong
 

 
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Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business a*sociates in recent days, two sources told Reuters.

The Chinese billionaire has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators. That triggered a chain of events that resulted in the shelving of his Ant Group's mega IPO.

While Ma made a limited number of public appearances in mainland China after that, as speculation swirled about his whereabouts, one of the sources said the visit marked his first trip to the Asian financial hub since last October.

Alibaba did not immediately respond to requests for comment outside of its regular business hours. Comments from Ma typically come via the company.

The sources declined to be identified due to confidentiality constraints.

Ma, once China's most famous and outspoken entrepreneur, met at least "a few" business a*sociates over meals last week, said the people.

Ma, who is mostly based in the eastern Chinese city of Hangzhou, where his business empire is headquartered, owns at least one luxury house in the former British colony that also houses some of his companies' offshore business operations.

Alibaba is also listed in Hong Kong, besides New York.

The former English teacher disappeared from public view for three months before surfacing in January, speaking to a group of teachers by video. That eased concern about his unusual absence from the limelight and sent Alibaba shares surging.

In May, Ma made a rare visit to Alibaba's Hangzhou campus during the firm's annual "Ali Day" staff and family event, company sources have said.

On Sept. 1, photographs of Ma visiting several agricultural greenhouses in the eastern Zhejiang province, home to both Alibaba and its fintech affiliate Ant, went viral on Chinese social media.

The next day, Alibaba said it would invest 100 billion yuan ($15.5 billion) by 2025 in support of "common prosperity", becoming the latest corporate giant to pledge support for the wealth sharing initiative driven by President Xi Jinping.

Alibaba and its tech rivals have been the target of a wide-ranging regulatory crackdown on issues ranging from monopolistic behaviour to consumer rights. The e-commerce behemoth was fined a record $2.75 billion in April over monopoly violations.

Earlier this year, regulators also imposed a sweeping restructuring on Ant, whose botched $37 billion initial public offering in Hong Kong and on Shanghai's Nasdaq-style STAR Market would have been the world's largest.
visit this link https://ca.finance.yahoo. .. 160822892.html
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12 comments
 

 2 weeks ago '11        #2
BaseWhitaker 
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+1   

 2 weeks ago '04        #3
qutaboi225  topics gone triple plat - Number 1 spot x16
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In before tinfoils come in and claim he's a clone
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 2 weeks ago '12        #4
OldBusiness  topics gone triple plat - Number 1 spot x3
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 qutaboi225 said
In before tinfoils come in and claim he's a clone
Nah, labor camp until they worked out the terms of his release/random

Article says the country hit his a*s for a "$15.5 billion dollar donation"

They still got that one chick who was super wealthy and got hemmed up too I think
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Top 10 most slapped recently  2 weeks ago '16        #5
foshoVoodoo  topics gone triple plat - Number 1 spot x50
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asian on asian crime
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 2 weeks ago '17        #6
lucifershammer  topics gone triple plat - Number 1 spot x4
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 qutaboi225 said
In before tinfoils come in and claim he's a clone
Ethnic cleansing and covering up the origins of a pandemic plus surveillance equals being capable of anything.

 2 weeks ago '16        #7
wesleypipes 
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How many times his a*s gonna disappear
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 2 weeks ago '04        #8
xbossxplayax 
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HK full blown china now so i guess he done duckin

 2 weeks ago '15        #9
ThatGuy247 
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 OldBusiness said
Nah, labor camp until they worked out the terms of his release/random

Article says the country hit his a*s for a "$15.5 billion dollar donation"

They still got that one chick who was super wealthy and got hemmed up too I think
Spot on

They’re being “re-educated”…,….
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Top 10 most propped recently  2 weeks ago '07        #10
yola  topics gone triple plat - Number 1 spot x60
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remember this dude?

he said street smarts were more powerful than artificial intelligence



it's a big accomplishment to make Elon Musk seem likable and rational



 2 weeks ago '09        #11
messy marv stan  topics gone triple plat - Number 1 spot x72
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 wesleypipes said
How many times his a*s gonna disappear


The next day, Alibaba said it would invest 100 billion yuan ($15.5 billion) by 2025 in support of "common prosperity", becoming the latest corporate giant to pledge support for the wealth sharing initiative driven by President Xi Jinping


$15.5 billion ransom

 2 weeks ago '10        #12
Nautilus O  topics gone triple plat - Number 1 spot x3
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Must have made it through the Squid Game


 2 weeks ago '16        #13
wesleypipes 
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 messy marv stan said
The next day, Alibaba said it would invest 100 billion yuan ($15.5 billion) by 2025 in support of "common prosperity", becoming the latest corporate giant to pledge support for the wealth sharing initiative driven by President Xi Jinping


$15.5 billion ransom
Why did Alibaba's Jack Ma disappear for three months?

that sh*t was in march now again
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