Alibaba’s founder, Jack Ma, is “happy,” according to company president Michael Evans. The comments come as speculation continues about the billionaire’s activities in the wake of China’s crackdown on Ma’s empire.

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Paris – Ali Baba The chairman of the Chinese e-commerce giant said Jack Ma was “alive” and “happy” on Thursday, after speculation continued about the billionaire’s activities in the wake of Beijing’s crackdown on his tech empire.

“Well, first of all, Jack is alive. He’s fine, he’s happy. He’s creative. He’s thinking. He studies at a university in Tokyo, he spends more time in China,” Michael Evans, president of Alibaba, said at the Viva Tech conference in Paris. .

The comments came in response to a question about what from Maurice Levy, head of the French advertising group Publicis. She emphasized continued interest in the billionaire’s whereabouts after he and Alibaba became the target of an intense regulatory campaign by Beijing.

He cares…a lot about this company today, as he did when he started, and I expect that to continue as long as Alibaba and Jack Ma are here.

Michael Evans

President Alibaba

That scrutiny began in November 2020 when regulators forced Ant Group, the fintech subsidiary of Alibaba founded by Ma, to cancel its initial public offering, which would have been the world’s largest.

Alibaba was hit with a $2.8 billion antitrust fine in 2021. Meanwhile, China’s tech sector has to comply with a slew of new regulations on areas from competition to data privacy.

Ma had been out of sight for a few months, fueling speculation that he had gone missing.

Alibaba founder Jack Ma says he's floundering at the moment, but he's not missing out, sources tell CNBC.


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