This should be Jack Ma’s most glorious moment: a year ago today, his Ant Group had planned to go public with the glory of 37 billion U.S. dollars. Instead, Beijing took control of his empire and suddenly cut off the wings of the biggest star in the Chinese corporate world. Now, amidst the cautious cheers of investors, the billionaire Alibaba e-commerce tycoon is returning to the global stage with a low-key European trip, where he cultivating like horticulture.

This is the height of the politician who broke out in 2017, when he went to the New York team to convene President Donald Trump’s one-on-one meeting before the Trump Tower inauguration. It was a crying and promised Create a million-dollar job. According to four people familiar with the matter, when Jack Ma had an informal TV Q&A session with reporters in the skyscraper lobby, the Chinese government first learned of the meeting and work commitments.

At that time, the Chinese government first learned of the high-profile outing. Alibaba and a Beijing government source who are aware of the matter. Two people close to Alibaba said that Chinese officials subsequently told Alibaba’s government relations team that Beijing was dissatisfied with Ma Yun’s meeting with Trump without prior approval. The charity foundation responsible for handling Jack Ma’s media queries did not respond to requests for comment.

The State Council Information Office and the Ministry of Foreign Affairs did not respond to requests for comment. Due to the sensitivity of the matter, all sources declined to be named. The January 9 meeting was held at a time when relations between the two countries were strained after Trump criticized China during the campaign and blamed the loss of American jobs on China.

A Trump spokesperson did not respond to a request for comment. Four people close to Alibaba said they believe this meeting is a negative turning point in Ma Yun’s relationship with Beijing. They did not elaborate on their thoughts. Investors are eager to understand Jack Ma’s situation: I saw this businessman in on the Spanish island of Mallorca last month.

This was his first overseas trip in more than a year. Alibaba immediately gained a value of up to 42 billion US dollars. The story of his loss of official support helps illustrate how rapid China’s transformation under Xi Jinping’s leadership is, as he is about to usher in the third term as the leader of an economic power that may break the precedent, and impose changes on some of the most innovative companies.

News Source : NDTV