Jack Ma, co-founder and former chairman of Chinese e-commerce giant Alibaba, is traveling around Europe, visiting thinkies in Spain and the Netherlands to pursue his interest in agricultural technology, the South China Morning Post, which is owned by Alibaba. Tuesday and Wednesday, bringing up other people familiar with the matter.
The holiday marks the former billionaire’s first known holiday abroad in more than a year since China began cracking down on Alibaba and the country’s broader web sector. The country’s antitrust rules, while its financial technology subsidiary Ant Group had to adopt restructuring plans after postponing its initial public offering in November last year following Ma’s now notorious complaint about China’s monetary regulatory system.
The businessman, who still has an abundant fortune of $41. 7 billion that makes him one of the other richest people in China, is conducting the excursion in a non-public capacity, according to the Post. where aluminum extrusion technologies and greenhouse roofing specialist BOAL Group are on display, the Post wrote.
An Alibaba spokesman declined to comment. The Jack Ma Foundation, Ma’s private philanthropic foundation, responded to an emailed request for comment. The entrepreneur resigned as Alibaba’s chairman in 2019 and said he would devote his time to philanthropy and nonprofit work.
Ma now believes that agricultural technologies in Europe, combined with cloud computing and synthetic intelligence developed through Alibaba, would contribute to the modernization of agriculture in China, according to the Post. Last week, he was in Spain to examine technologies similar to agriculture. and the environment, the Post writes in a separate report. Chinese President Xi Jinping has emphasized “common prosperity,” a crusade that comes to help low-income communities and the development of the country’s rural areas, while seeking to reduce the wealth gaps that lie ahead. In September, Alibaba donated $15. 5 billion to help the government’s crusade.