Mayorca, Reuters. Last year, Alibaba Group founder Jack Ma was seen on the island of Mayorca in Spain on his first overseas trip after fighting with Chinese regulators. Reports published in Spanish newspapers on Wednesday said that Jack Ma’s luxury yacht had anchored on the island.
The billionaire Chinese businessman came under fire from regulators last year for publicly criticizing the Chinese regulatory system. Chinese regulators have blocked the $37 billion IPO of Ant Group, launching an investigation into their business.
Diario di Majorca wrote that Jack Ma was seen on the island of Andrach on Tuesday. He was buying household items from a local store. His yacht has been plying along the north-west coast of Mayorca for the past few days. The yacht anchored in the city of Santa Ponsa on Wednesday.
The cinematographers reached there on information, but Jack could not see Ma. On the other hand, the newspaper EI Pace reported that Jack Ma visited the Balearic Islands on Saturday along with several Chinese businessmen and security personnel.
Let us tell you that Chinese President Xi Jinping considers his country’s internationally famous people to be a product of Western countries. That is why he is cracking down on big industrialists like Jack Ma and famous actresses like Zhao Wei.
Author Jamie Seidel has written in one of his articles that the winds of change are going on in China. This is due to the changing policies of President Xi Jinping. Where now all the celebrities like Jack Ma, Zhao Wei, Fan Bingbing are being screwed citing the rules.
All his programs have been banned for tax evasion. Jamie Seidel writes that these actions of Chinese President Xi Jinping suggest that he sees these billionaires and internationally famous figures as his competitors. His plan has come to the fore since the Chinese Communist Party’s centennial anniversary in July.
