Those worried about Ma’s whereabouts after he upset Beijing with a critical speech last fall can now breathe a sigh of relief. According to flight logs, the Alibaba co-founder has travelled about once a week, mostly to Beijing and Hainan, in January and February. (Financial Times)
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Those worried about Ma’s whereabouts after he upset Beijing with a critical speech last fall can now breathe a sigh of relief. According to flight logs, the Alibaba co-founder has travelled about once a week, mostly to Beijing and Hainan, in January and February. (Financial Times)
Talking point: Ma has only been seen in public once since Chinese regulators halted Ant Group’s planned US$37-billion IPO in November 2020, prompting some speculation he was told to lay low. The flight records also show Ma’s movement to meet with regulators to discuss the company’s future, including an agreed-upon but unannounced restructuring. Ant announced a set of financial self-discipline rules Friday, including not issuing loans to minors, and keeping small-business loans out of the stock market and real estate. China has been stepping up regulation in recent months, drafting antitrust rules for the country’s tech sector and launching a probe into Alibaba. Meanwhile, Ant’s CEO Simon Hu resigned Friday. He will be replaced by chairman Eric Jing.
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