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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/03\/27\/alibaba-founder-jack-ma-returns-to-china-after-a-year-of-uncertainty\/<\/a><\/br> Jack Ma\u2019s whereabouts are making headlines again, roughly a year after the billionaire founder of Alibaba disappeared<\/a> from the public eye.<\/p>\n Ma had chosen to stay abroad despite China\u2019s efforts to restore confidence in entrepreneurs, Bloomberg reported, citing unnamed sources. Within hours, however, it seems Ma actually visited an Alibaba-funded K-12 school in Hangzhou, according to an article<\/a> published by the school, Yungu.<\/p>\n The Bloomberg article<\/a> had since been updated to reflect Ma\u2019s appearance in Hangzhou, which is home to the founder and Alibaba. He reportedly talked about how ChatGPT posed a challenge to education during the visit.<\/p>\n Interest in Ma\u2019s whereabouts has renewed recently, given that China is trying to voice support for the private sector following a years-long crackdown on the tech industry, including shelving the IPO plans of Ant Group<\/a>, the fintech affiliate of Alibaba. The movement prompted some founders to <\/span>move abroad and seek to expand their businesses overseas<\/a>. <\/span><\/p>\n The news comes as Chinese tech firms are facing unprecedented pressure in the West. <\/span>Last Thursday, U.S. lawmakers grilled TikTok CEO Shou Zi Chew in a congressional hearing<\/a> that spanned five hours, firing harsh questions that brought to light the irreconcilable differences between the two superpowers. The hearing, as one Chinese founder said to TechCrunch, sent a chill up their spine.<\/p>\n TikTok isn\u2019t the only one running into roadblocks in the U.S. A group of \u201cbusinesses and individuals\u201d have formed a \u201cShut Down Shein\u201d<\/a> campaign to question the business practices of Shein, the Singapore-headquartered fast fashion giant that has risen to global dominance thanks to its data-driven supply chains in China. Shein refuted<\/a> a report that it faced risks of being shut down in the U.S.<\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nAlibaba founder Jack Ma returns to China after a year of uncertainty<\/br>
\n2023-03-27 22:11:57<\/br><\/p>\n