Jack Ma, the founder of the Alibaba e-commerce and technology company and once China’s richest business leader, has been living in central Tokyo for nearly six months, amid Beijing’s ongoing crackdown on the country’s technology sector and its most influential executives.

His months-long stay in Japan with his family has included spells in hot springs and ski resorts in the countryside outside of Tokyo, according to sources quoted by the Financial Times on Tuesday. He also regularly travels to the U.S. and Israel.

Ma has virtually vanished from public view since he publicly chastised Chinese regulators two years ago, accusing state banks of having a “pawnshop mentality” and pushing for brave new players to offer credit to the collateral poor.

Since then, his enterprises, fintech arm Ant and e-commerce giant Alibaba, have faced several regulatory challenges. Last year, Chinese regulators canceled Ant’s $37 billion initial public offering and penalized Alibaba a record $2.8 billion for antitrust violations.

JNS

Support
Jewish News Syndicate


With geographic, political and social divides growing wider, high-quality reporting and informed analysis are more important than ever to keep people connected.

Our ability to cover the most important issues in Israel and throughout the Jewish world—without the standard media bias—depends on the support of committed readers.

If you appreciate the value of our news service and recognize how JNS stands out among the competition, please click on the link and make a one-time or monthly contribution.

We appreciate your support.