Cayonex
2021-11-07

$Alibaba(09988)$

From e-commerce to e-farmer? Jack Ma starts digging for China

BEIJING (THINK CHINA) - E-commerce titan, Internet technology mogul, business magnate - these are all labels that have been used on Alibaba founder Jack Ma. But in the past few months, these labels seem to be gradually fading as Mr Ma appears to be switching focus from the virtual online world to farming.

After Mr Ma criticised China's regulatory framework at the Bund Summit in Shanghai in October last year, his business empire quickly came under close inspection by the regulators, and the US$37 billion (S$50 billion) initial public offering of Ant Group, an affiliate firm of Alibaba, was halted.

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