Market Chatter: Alibaba Founder Jack Ma Sighted at Company Campus in Renewed Push to 'Make Alibaba Great Again'

MT Newswires Live
9 hours ago

Alibaba Group (HKG:9988) founder Jack Ma has been sighted at the company's campus with a renewed push to "Make Alibaba Great Again" after spending years out of the public eye, Bloomberg News reported Tuesday.

Ma is reportedly taking a hands-on approach at the firm, more recently sanctioning Alibaba's decision to spend as much as 50 billion yuan on subsidies to beat out e-commerce rivals JD.com (HKG:9618) and Meituan (HKG:3690).

It's not yet clear whether Ma will return in any official capacity, but he is expected to keep a lower profile than his previous stint at the firm, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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