Singapore markets closed
  • Straits Times Index

    3,118.62
    +9.42 (+0.30%)
     
  • S&P 500

    4,251.30
    +4.86 (+0.11%)
     
  • Dow

    33,963.95
    +18.37 (+0.05%)
     
  • Nasdaq

    14,274.30
    +21.03 (+0.15%)
     
  • BTC-USD

    34,211.52
    +4,709.09 (+15.96%)
     
  • CMC Crypto 200

    823.03
    +12.83 (+1.58%)
     
  • FTSE 100

    7,105.80
    +15.79 (+0.22%)
     
  • Gold

    1,790.70
    +13.30 (+0.75%)
     
  • Crude Oil

    73.85
    +1.00 (+1.37%)
     
  • 10-Yr Bond

    1.4700
    -0.0020 (-0.14%)
     
  • Nikkei

    28,874.89
    -9.24 (-0.03%)
     
  • Hang Seng

    28,817.07
    +507.31 (+1.79%)
     
  • FTSE Bursa Malaysia

    1,564.76
    -9.26 (-0.59%)
     
  • Jakarta Composite Index

    6,034.54
    -53.30 (-0.88%)
     
  • PSE Index

    6,918.41
    +48.00 (+0.70%)
     
  • Oops!
    Something went wrong.
    Please try again later.

Jack Ma makes rare visit to Alibaba headquarters in Hangzhou

·1-min read
  • Oops!
    Something went wrong.
    Please try again later.

BEIJING (Reuters) - Alibaba founder Jack Ma, largely out of public view amid a regulatory clampdown on the group, made a rare visit to its Hangzhou campus on Monday during the e-commerce giant's annual "Ali Day" staff and family event, company sources said. 

  The billionaire has kept an extremely low profile since delivering a speech in October in Shanghai criticising China's financial regulators, which set off a chain of events that led to the shelving of what would have been a record $37 billion initial public offering of Alibaba's affiliate Ant Group. 

  On Monday, Ma was seen in an open-air campus shuttle bus with a number of Alibaba executives, according to a photograph taken by an employee at the event, viewed by Reuters. Wearing a blue T-shirt, white trousers and a pair of Chinese-style cloth shoes, Ma was smiling. 

  "It's so exciting to see Jack," said the employee, declining to be named. 

  "It's a pity there was no chance to take a photo with him." 

  China's most famous entrepreneur, Ma enjoyed cult-like status among staff even after stepping down as chairman in 2019. 

  Ma, who is based in Hangzhou, disappeared from public view for three months before surfacing in January, speaking to a group of teachers by video, which sent Alibaba shares surging, but has not made any other public appearances since then. 

  Last month, regulators imposed a sweeping restructuring on Ant Group, while Alibaba was hit with a record antitrust fine of 18.2 billion yuan ($2.84 billion) after an investigation found it abused its market dominance. 

  ($1 = 6.4110 Chinese yuan renminbi) 

  (Reporting by Sophie Yu and Tony Munroe; Editing by Susan Fenton) 

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting