Alibaba founder Jack Ma, once the richest man in China before he was ruined and exiled for daring to criticize the Chinese Communist Party, paid a visit to his company’s main campus in Hangzhou on Friday.
Ma ostensibly wanted to show his support for the enterprise he launched but no longer leads, although the regime in Beijing has lately been using him as a mascot to lure spooked foreign investors back to China’s sinking economy.
The South China Morning Post (SCMP) found the symbolism of Ma’s visit to Hangzhou unmistakable, especially since China is bracing for a new trade war against President-elect Donald Trump:
Ma’s visit was his first known trip back to to his hometown since March 2023, when the billionaire
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