Chinese billionaire and founder of Alibaba, Jack Ma was spotted in Bangkok , Thailand after being off the public eye for over a year.
Ma had avoided being in public since regulators in China launched a clampdown on his business empire in 2021.
According to a Reuters report, Ma attended a boxing match at Bangkok’s Rajadamnern Stadium where he posed with clenched fists for a photograph with Thai boxing champion Sombat “Buakaw” Banchamek.
Meanwhile, the billionaire is to give up control of the Chinese fintech giant after a regulatory crackdown.
Ant Group said that after the change no-one would have overall control. Following that criticism, Ant Group’s planned stock market flotation was abruptly halted.