Beautiful Virgin Islands

Sunday, Jul 06, 2025

Alibaba's Jack Ma Spotted In Spain In Rare Trip Abroad After China Scrutiny: Report

Alibaba's Jack Ma Spotted In Spain In Rare Trip Abroad After China Scrutiny: Report

The Chinese billionaire has largely been out of public view since he publicly criticised China's regulatory system in a speech last year.
Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers said on Wednesday, on his first trip abroad since he fell out with China's regulators in 2020.

The Chinese billionaire has largely been out of public view since he publicly criticised China's regulatory system in a speech last year. His empire promptly came under heavy scrutiny by regulators, that even led to the suspension of Ant Group's $37 billion blockbuster IPO.

The Diario de Mallorca newspaper said Ma was seen on Tuesday in the port of Andratx buying home decor at a local store.

The superyacht Zen has been moving along Mallorca's northwestern coast for the past few days and was in Andratx on Tuesday.

It dropped anchor on Wednesday near the beach town of Santa Ponsa, but a Reuters cameraman could only see smaller support boats returning to the superyacht from the shore empty, with Ma nowhere to be seen.

Without citing any sources, El Pais newspaper said Ma had been visiting Spain's Balearic Islands since Saturday, accompanied by various Chinese business people and his security detail.

The sleek five-deck, vertical-bowed motor yacht, measuring 88 metres (289 ft), can accommodate up to 16 guests and a crew of 25, according to the Superyacht Times edition. It was built in the Netherlands and delivered in April.

Ma, a globe-trotter not known to shy away from the limelight before falling out with regulators, retired as Alibaba's chairman in 2019.

Hong Kong's South China Morning Post, which is owned by Alibaba, reported on Tuesday that Ma was in Spain for a study tour on agriculture and technology related to environmental issues after spending "private time" with his family in Hong Kong.

Alibaba Group's Hong Kong shares rose nearly 10% earlier on Wednesday, extending gains for the fourth consecutive session, with brokers saying that investors saw Ma's trip as a sign of the central government relaxing its scrutiny over the group.

A Spanish banking industry source told Reuters Ma had visited Mallorca in his company in 2019 and that the billionaire liked to "often spend time" in the Balearic Islands.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
King Charles Plans Significant Role for Prince Harry in Coronation
Two Chinese Nationals Arrested for Espionage Activities Against U.S. Navy
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
×