Jack Ma, the founder of the Chinese e-commerce giant Alibaba, has made his return to China. With his whereabouts being unknown for months, Ma visited Yungu school in Hangzhou and spoke to the students about the advances in technology since his departure. Ma’s talk focused particularly on the fields of artificial intelligence (AI) and chatbots and inspired many of the students with his enthusiasm for learning.
Alibaba, founded by Ma in the 1990s, is one of the largest e-commerce companies globally. After his public speech criticizing China’s regulators and financial systems, Jack Ma went on an overseas trip and resided in undisclosed locations. His absence was speculated widely as authorities halted and investigated Alibaba’s affiliate Ant Group’s, initial public offering.
Government officials of China have recently been seeking to build back the confidence in the private sector and also ease tensions with tech companies following the crackdown of online gaming and financial companies. Li Qiang, the newly appointed premier of China, has made vows to “unswervingly” provide support to the private sector.
Prior to his reappearance, Ma stepped down as Alibaba Chairman for philanthropic purposes in October 2019 and gave control of the financial technology firm, Ant Group in January 2021.
Jack Ma altered the global market with the establishment of an e-commerce giant, Alibaba. This Chinese Commerce business debuted in 1999 and has seen immense growth ever since. With its efficient logistics, Alibaba became the world’s biggest e-commerce platform. This overwhelming success now has a total value of more than $550 billion. Alibaba has also become a source for technology platforms, cloud computing services, and digital media sources.
Jack Ma is an inspiring entrepreneur, who has an impressive educational background. After graduating with a Bachelor’s degree in English, Ma attended Hangzhou Teacher’s Institute, and earned a Master’s degree in 1994. Ma has also been awarded honorary doctorates from a handful of universities, such as the University of Liege, Belgium, and Hong Kong University of Science and Technology. In addition to his impressive educational background, Ma also worked as an English teacher, and started a translation business in 1995. Today, Jack Ma serves as the executive chairman of the Alibaba Group and chairs the Jack Ma Foundation, which focuses on improving education opportunities and environmental protection.
