The retired Alibaba founder now wants to “do what he likes,” said Joe Tsai, the company’s vice-chairman. Ma’s behavior is not related to pressure from the Chinese government, he said.
NEW YORK – The founder of the Chinese company Alibaba, Jack Ma, tries to avoid public attention to his own person and devotes a lot of time to painting and charity. This was announced on Tuesday in an interview with CNBC vice Chairman of the firm Joe Tsai.
“Now he doesn’t want publicity, I talk to him every day. He’s fine. He started painting as a hobby, and he’s doing quite well,” Tsai said. “The notion that Jack Ma has exceptional power is, in my opinion, incorrect. He is a man like you and me.”
According to the vice-chairman, Ma now wants to do what he likes, such as charity work. Tsai also rejected the suggestion that such behavior of the company’s founder is due to pressure from the Chinese government, recalling that Ma resigned from senior positions at Alibaba two years ago.
“I think we should not link what is happening with our business and what is happening with Jack. Our corporation is currently undergoing restructuring for financial reasons, and we are also subject to antitrust measures. We had to pay a large fine, but this is already behind us, we are only looking forward,” Tsai said.
In October last year, according to the TV channel, Ma was critical of the current financial system in China and called for its reform. In November, a record-breaking placement of shares of the financial and technology company Ant Group, part of Alibaba, was scheduled to take place on the Shanghai and Hong Kong stock exchanges, which was unexpectedly stopped by the regulator, which pointed to a “change in the conditions of financial and technical supervision.” Earlier this year, after an investigation, the Chinese Market Control Authority imposed a record fine on Alibaba in the country’s corporate history for acts of a monopoly nature.