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Jack Ma, Founder of Alibaba Group, Spotted in Bangkok

Chinese billionaire Jack Ma was seen in Bangkok this week, marking the first time he has been spotted in public since regulators in China began scrutinizing his business empire in late 2021.

Jack Ma
Jack Ma

Ma was previously in the public eye when he criticized China's financial regulators in a speech in Shanghai in 2020, which ultimately led to the cancellation of Ant Group's IPO.

Jack Ma Dines with Michelin-Starred Chef and Thai Agribusiness Group Chairman

Ma was seen dining at a Bangkok restaurant with Michelin-starred chef Supinya "Jay Fai" Junsuta and Supakit Chearavanont, Chairman of the Board of Charoen Pokphand Group (CP Group) and Charoen Pokphand Foods. The CP Group, Thailand's largest agribusiness group, did not comment on the meeting when contacted by Reuters.

Jack Ma Attends Boxing Match in Bangkok

Ma was also reportedly at a boxing match in Bangkok's Rajadamnern Stadium, where he posed for a photo with Thai boxing champion Sombat "Buakaw" Banchamek. The Jack Ma Foundation waited to respond to Reuters's comment request.

Ant Group to Undergo Overhaul Following Regulatory Crackdown

Ma will relinquish control of Ant Group, the Chinese fintech giant, as part of an overhaul following a regulatory crackdown that began after the company's $73 billion IPO was canceled two years ago. Chinese tech companies, including Alibaba and Ant Group, have faced regulatory scrutiny for issues including monopolistic behavior and consumer rights.