Ma, who was known for his outspokenness and for pushing boundaries with audacious statements, stepped down from Alibaba in 2019. - Reuters
BEIJING (Reuters): Alibaba Group Holding founder Jack Ma is "lying low" and focusing on hobbies and philanthropy, the Chinese e-commerce giant's executive vice chairman and co-founder Joe Tsai told CNBC on Tuesday (June 15).
Following Ma's criticism of China's regulatory system last year, Beijing came down heavily on the company, leading to the shelving of financial affiliate Ant Group's US$37 billion initial public offering and an enforced restructuring of Ant.
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