Alibaba's Downfall: Jack Ma Forced by CCP to Return as Frontman, Becomes Largest Shareholder Again
Alibaba's Downfall: Jack Ma Forced by CCP to Return as Frontman, Becomes Largest Shareholder Again
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Since relinquishing control of Ant Group in 2019 and stepping down as chairman of the board, Alibaba Group's founder, Jack Ma, has remained out of the public eye in recent years. During this time, Alibaba's market value has declined by 78 percent over the past three years. The latest information indicates that despite leading a retired life, Jack Ma has recently become the largest shareholder of Alibaba Group by increasing his stock holdings. This development has sparked various discussions, with some speculating whether he is unwilling to fully retire or if he was compelled by official directives to boost investor confidence through increased stock ownership.
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