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Jack Ma Escapes Chinese Government, Now in Europe

Jakarta

Jack Ma currently known to be in Europe and visited several countries. He is said to have escaped investigation or perhaps punishment from Chinese government after agreeing to no longer have too much power or control over his company.

Reports from Bloomberg say Jack Ma traveled in Europe for a long time. At the end of last year, he was also found in Europe but apparently, this time it was longer.

The 57-year-old was among others seen at a restaurant in Austria, visiting a university in the Netherlands to learn about agricultural technology, and anchoring his yacht in Mallorca, Spain.

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Even though it was previously reported that the Chinese government had banned Jack Ma from traveling abroad, after the case he criticized China’s financial system in 2020. After that, regulators closely monitored Alibaba and the Ant Group, the company founded by Ma.

In its development, Jack Ma is said to have agreed to reduce his control in the company. There is even a possibility that some of its shares will be distributed to other executives.

Jack Ma intends to degrade and limit its economic interests in Ant Group from time to time,” Alibaba said in a statement detikINET from Bangkok Post, Thursday (4/8/2022).

Chinese President Xi Jinping has recently been aggressively voicing a joint prosperity program so that prosperity can be more evenly distributed among the Chinese people. So companies and famous people like Jack Ma are being watched more closely.

Jack Ma himself still hasn’t spoken in public since the case that happened to him, unlike before. But it is clear that he is still a free man with a long visit to Europe.

Watch Videos”Jack Ma plans to relinquish control of Ant Group
[Gambas:Video 20detik]

(fyk/fay)

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