Billionaire Jack Ma is in the Czech Republic. The missing head of Alibaba Group was playing golf near Prague
In communist China, the founder of the Alibaba marketplace, known to Czechs thanks to the Chinese online store AliExpress, fell in October after criticizing Chinese regulators in October 2020. According to their limitations, they hinder technological development and innovation.
However, according to Blesk, this businessman played golf on Thursday afternoon at the Albatros golf resort not far from Rudná u Prahy. He was walking along the green lawn with his Chinese friends. The business was guarded by eight guards, and according to information from Blesk, the founder of the Chinese technology giant is staying at a hotel in the center of Prague.
The very stay of the billionaire could be related to the business activities of AliExpress, which has a giant logistics center in Jenč near Prague. From there, packages from China are sent mainly to Germany and most European countries.
Jack Ma is a Chinese businessman and philanthropist. He was the first businessman from China to appear on the cover of Forbes magazine. He has been missing since October 2020 due to criticism of the Chinese Communist Party. His companies were banned from entering the stock market.
After that, Jack Ma was even replaced as a judge in the African Business Heroes television competition. And speculation began about his disappearance. There was also talk of house arrest. “I think he was told to hold back,” said Duncan Clark, who is managing director of consultancy BDA China. She deals with technological market research. Alibaba’s server began to lose value after, according to some sources, it was supposed to appear in Hong Kong in October of last year and then head to Europe, the decline of the giant’s shares stopped.
In January 2021, he appeared at a charity event and talks here with the teachers who organize the event. He was then spotted in Spain and in the Netherlands at the university where he was on July 2.