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Alibaba Founder Seen Amid Activities In Hong Kong After One Year

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  • Alibaba Group Holding Ltd (NYSE: BABA) founder Jack Ma, mainly out of public view since the regulatory clampdown, is currently in Hong Kong and has met business associates recently, Reuters reports.

  • The visit marked his first trip to the Asian financial hub since October 2020. The Chinese billionaire maintained a low profile since criticizing China's financial regulators in October 2020 that cost him the Ant Group's mega IPO.

  • Ma vanished for three months before surfacing in January, speaking to a group of teachers by video.

  • In May, Ma visited Alibaba's Hangzhou campus during the firm's annual "Ali Day" staff and family event.

  • On September 1, photographs of Ma visiting several agricultural greenhouses in the eastern Zhejiang province, home to both Alibaba and its fintech affiliate Ant, followed by Alibaba committing 100 billion yuan (.5 billion) by 2025 in support of "common prosperity."

  • Related Content: Where's Alibaba's Jack Ma And What's He Up To?

  • Price Action: BABA shares traded lower by 0.80% at $162.64 on the last check Tuesday.

  • Photo by Foundations World Economic Forum via Wikimedia

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