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Up for discussion in the Guardian tech newsletter: The Jack Ma saga sheds light on wealth, politics and fame in today's China
After a long hiatus and endless gossip, Alibaba's founder, Jack Ma, has finally resurfaced. Last month, he was spotted meeting business partners in Hong Kong. More recently, he travelled to Spain on Zen, his luxury yacht, and was last week seen touring Dutch research institutes to pursue his interests in agriculture technology", according to the South China Morning Post, the paper he owns.
Ma's reappearance is low-key, but is, nonetheless, significant. It reminds us of his place in the company he founded and in today's tech scene in China. On the day his trip to Europe was reported the company's share price went up by 9% in Hong Kong. And sightings of Ma abroad have fuelled recovery of Chinese tech stocks over the past month.
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