- Title: File of Alibaba founder Jack Ma, who has returned to China for school visit
- Date: 28th July 2022
- Summary: Ma called a lawsuit by a group of luxury goods firms owned by Kering SA, which accused the Chinese e-commerce giant of being a conduit for counterfeiters, "regrettable". Ma was speaking after Gucci, Yves Saint Laurent and other brands owned by Kering sued Alibaba in the United States, accused it of knowingly making it possible for counterfeiters to sell their products throughout the world. SEOUL, SOUTH KOREA (FILE - MAY 19, 2015) (REUTERS) ***WARNING: CONTAINS FLASH PHOTOGRAPHY*** MA WALKING INTO NEWS CONFERENCE ROOM MA TAKING HIS SEAT NEWS CONFERENCE IN PROGRESS (SOUNDBITE) (Mandarin) THEN-EXECUTIVE CHAIRMAN OF ALIBABA GROUP, JACK MA, SAYING: "We express our regret at the fact that the company chose to sue us instead of seeking to work with us to jointly combat counterfeit goods." MA AT NEWS CONFERENCE
- Embargoed: 11th August 2022 12:46
- Keywords: Alibaba China Jack Ma Ma Yun
- Location: SEE SCRIPT BODY FOR LOCATIONS
- City: SEE SCRIPT BODY FOR LOCATIONS
- Country: China
- Topics: Asia / Pacific,Company News Markets,Economic Events
- Reuters ID: LVA004876201011970RP1
- Aspect Ratio: 16:9
- Story Text: Alibaba founder Jack Ma has returned to China and visited a school he founded in the city of Hangzhou, the South China Morning Post reported on Monday (March 27), citing sources.
Ma, one of China's best known entrepreneurs, left mainland China in late 2021 and has been seen in photographs in Japan, Australia and Thailand in the months since.
Once one of the country's most outspoken businessmen, he retreated from the public limelight in late 2020 after criticizing China's regulatory system that was later blamed for triggering a wide-ranging regulatory crackdown by Beijing.
While Chinese authorities said in recent months they had ended the crackdown and would look for ways to support the private sector, Chinese entrepreneurs said they saw Ma's decision to stay overseas as a factor hindering confidence.
Alibaba shares in Hong Kong rose more than 4 percent after the SCMP report was published.
Alibaba did not immediately respond to requests for comment.
The school, Yungu Education, on Monday said on its WeChat account that Ma had visited its premises and posted photographs as well as a video of the Alibaba founder at the school.
Ma also recently relinquished control over Ant Group, a Chinese fintech giant, in an overhaul that seeks to draw a line under a wider regulatory crackdown.
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