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Chinese billionaire Jack Ma spotted in Bangkok: Thai media reports - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Alibaba Group founder Jack Ma was spotted socialising in Bangkok this week, having stayed out of the public eye since regulators in China launched a clampdown on his business empire in late 2021

Little has been heard from the once outspoken Chinese billionaire since he criticised China’s financial regulators in a speech in Shanghai in 2020, triggering a chain of events that resulted in the shelving of his Ant Group’s mega IPO.

The latest sighting of Ma came on the Instagram account of Michelin-starred chef Supinya “Jay Fai” Junsuta, who posted on Friday a picture of himself with Ma along with the message “incredibly humble, we are honored to welcome you and your family to Jay Fai’s.” Several local media also reported that Ma was at the restaurant with Supakit Chearavanont, Chairman of the Board of Charoen Pokphand Group and Charoen Pokphand Foods PCL, Thailand’s largest agribusiness group.Media also reported that 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.

Chinese tech companies, including Alibaba and Ant, have been the target of a wide-ranging regulatory crackdown on issues ranging from monopolistic behaviour to consumer rights.

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