Ma disappeared from the public eye more than two years ago after he criticized China’s financial regulators during a speech in Shanghai. Since then, the businessman has not been public, and his business has been gradually restructured under the dictates of the Chinese authorities. We write more about it here.
Jack Ma may be one of the best opportunities for Beijing to repair its reputation in the private sector in China and beyond. However, the billionaire’s long absence from the country has highlighted the mistrust of the government by global entrepreneurs and investors, Bloomberg writes.
Jack returned to China
According to Reuters, Jack Ma returned to China last week. The school he founded in Hangzhou said Ma visited on Monday.
During his visit to the school, Ma, a former English teacher, discussed topics such as AI-powered ChatGPT chat software, and said he hopes to return to teaching one day, the Yungu School reported on its official WeChat account.
The return of China’s most famous entrepreneur may help allay private sector fears.
Reuters reports that China’s new prime minister, Li Qiang, a close ally of President Xi Jinping, realized that Ma’s return could help boost confidence among entrepreneurs, and has been pushing for it since late last year. According to the agency, Ma’s associates were to be required to persuade the Alibaba founder to return to the country.
See also: Millionaire Jack Ma found himself in the Balearic Islands
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