Alibaba’s Jack Ma Returns to China

An article published by Alibaba-founded K-12 school in Hangzhou, Yungu, has it that Alibaba’s founder Jack Ma is back in China.

The article claims Ma visited the school, contradicting an earlier report by Bloomberg that Ma has chosen to stay abroad.

The Bloomberg article has been updated to reflect Ma’s appearance in Hangzhou, home to the founder and Alibaba.

In Hangzhou, Ma reportedly talked about how ChatGPT posed a challenge to education during the school visit.

Ma’s return comes at a time when China is trying to voice support for the private sector following a years-long crackdown on the tech industry, including shelving the IPO plans of Ant Group, the fintech affiliate of Alibaba.

Chinese firms are facing unprecedented pressure in the West. Last Thursday, U.S. lawmakers grilled TikTok CEO Shou Zi Chew in a congressional hearing that spanned five hours, firing harsh questions that brought to light the irreconcilable differences between the two superpowers.

Share:

Leave a Reply

Your email address will not be published. Required fields are marked *