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Alibaba founder Ma spotted in Mallorca in rare trip abroad after China scrutiny

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Reuters

MALLORCA, Spain (Reuters) – Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers said on Wednesday, on his first trip abroad since he fell out with China’s regulators in 2020. The Chinese billionaire has largely been out of public view since he publicly criticised China’s regulatory system in a speech last year. His empire promptly came under heavy scrutiny by regulators, that even led to the suspension of Ant Group’s $37 billion blockbuster IPO. The Diario de Mallorca newspaper said Ma was seen on Tuesday in the port of…

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