Chinese language billionaire and Alibaba founder Jack Ma has been residing in Japan amid the Chinese language authorities’s ongoing crackdown on expertise firms, in response to a report on Tuesday.
The normally high-profile Mr. Ma has stayed away from the public spotlight in China for greater than two years and has prevented public engagements, coinciding with regulatory probes concentrating on e-commerce giant Alibaba and its monetary funds arm Alipay.
Mr. Ma has been residing in Japan for at the least six months, the Monetary Occasions reported on Tuesday.
He has additionally stored a low-profile in Tokyo, the place he’s residing together with his household, alongside together with his non-public chef and safety, and “retaining public actions to a minimal”. Mr. Ma limits his engagements to visiting a number of unique non-public golf equipment and spends his time portray and amassing trendy artwork, the report stated.
Many rich Chinese language have left the nation since 2020, to keep away from the persevering with “zero-COVID” pandemic restrictions which have each disrupted life in China and made it troublesome for Chinese language to journey overseas. Worldwide flights are but to return to regular whereas all international arrivals are nonetheless made to bear quarantine.