Billionaire Alibaba founder Jack Ma touring Dutch research institutes-SCMP By Reuters
© Reuters. FILE PHOTO: Jack Ma, founder and government chairman of China’s Alibaba Group, speaks in entrance of an image of SoftBank’s human-like robotic named ‘pepper’ throughout a information convention in Chiba, Japan, June 18, 2015. REUTERS/Yuya Shino
HONG KONG (Reuters) – Alibaba (NYSE:) Group founder Jack Ma has been touring Dutch analysis establishments to pursue his pursuits in agriculture know-how, Hong Kong newspaper South China Morning Publish (SCMP)reported, quoting folks conversant in his journey.
The Chinese language billionaire has largely been out of public view since he publicly criticised China’s regulatory system in a speech final yr. His empire promptly got here underneath heavy scrutiny from regulators and the $37 billion blockbuster IPO of his fintech affiliate Ant Group was suspended.
Ma, as soon as China’s most well-known and outspoken entrepreneur, reappeared in Hong Kong in October, the place he met no less than “a couple of” enterprise associates over meals, two sources informed Reuters.
He then flew to the Spanish island of Mallorca, the place his luxurious yacht is anchored, his first journey overseas since he fell out with Chinese language regulators, two Spanish newspapers reported final week.
SCMP, owned by Alibaba, revealed three photographs of Ma, sourced as handouts and dated Oct. 25.
In two of them he was seen carrying a white protecting robe and holding flowerpots, whereas within the third he was carrying denims and a hoodie and the caption mentioned he was analysing know-how by aluminium extrusion specialist BOAL Programs.
The billionaire, who retired as Alibaba’s chairman in 2019, will proceed touring European corporations and analysis establishments concerned in agricultural infrastructure and plant breeding, based on folks conversant in his plans, SCMP reported.
Ma believed combining the know-how he researched with Alibaba’s cloud computing, huge knowledge evaluation and synthetic intelligence may assist modernise Chinese language agriculture, the folks informed SCMP.
On Sept. 1, pictures of Ma visiting greenhouses in jap Zhejiang province, dwelling to each Alibaba and Ant, went viral on Chinese language social media.
The following day, Alibaba mentioned it might make investments 100 billion yuan ($15.5 billion) by 2025 in help of “widespread prosperity”, turning into the most recent company large to pledge help for the wealth sharing initiative pushed by President Xi Jinping.
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