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Jack Ma returns to Alibaba campus, as China moves to boost business confidence

Jack Ma returns to Alibaba campus, as China moves to boost business confidence


Published on 2024-11-29 09:00:54 - Bill Williamson, WOPRAI
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  • Jack Ma, founder of Alibaba Group Holding, on Friday visited the company's campus in Hangzhou, capital of eastern Zhejiang province, in a show of support for the e-commerce empire he created a quarter of a century ago,

Jack Ma, the co-founder of Alibaba, made a rare public appearance at the company's Hangzhou campus on March 27, 2023, marking his first visit in over a year. His return comes at a time when Alibaba is undergoing significant changes, including a major corporate restructuring into six separate business units. This visit was seen as a morale booster for employees, especially amidst the backdrop of regulatory scrutiny and economic challenges in China. Ma, who has kept a low profile since criticizing Chinese regulators in 2020, has been focusing on agricultural technology and education, stepping back from the day-to-day operations of Alibaba. His presence was noted to be encouraging, with employees expressing hope that his return might signal a positive shift for the company's future.

Read the Full YAHOO!Finance Article at [ https://finance.yahoo.com/news/jack-ma-returns-alibaba-campus-093000081.html ]
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