Billionaire who fled China returns to teaching

Jack Ma, the founder of China-based e-commerce giant Alibaba but forced to flee the country, is beginning his career as a visiting professor at the University of Tokyo in Japan.

In the University of Tokyo release, Ma will support major research, provide consulting, participate in research and projects, especially in the fields of sustainable agriculture and food production at Tokyo College, an institute within the university, and transfer his experience and knowledge. on entrepreneurship, business management and innovation to students.

The fortune of Jack Ma, once the richest person in China, began to decline after peaking at $61 billion in October 2020. As of today, Ma is ranked 39th among the world’s richest people. , with a fortune of 33,000 million dollars.

HE BEGAN HIS CAREER AS AN ENGLISH TEACHER

Born in Hangzhou, southeast China, in 1964, Ma worked as an English teacher after graduating from the English language department at a teaching institute in that province.

In 1995, Ma went to Seattle, USA to work as a translator for Chinese companies. He realized the importance of the Internet and turned to Internet companies when he returned to his country.

ALL PLANS PRESENTED IN NOVEMBER 2020

In November 2020, Ant Group, Jack Ma’s fintech company, was on the brink of a record $37 billion initial public offering. However, things changed abruptly after Ma’s statement criticizing China’s regulatory institutions.

Following this speech, the Beijing administration suspended Ant Group’s IPO process and imposed historic fines on Alibaba, Ma’s e-commerce company, for violating competition law. It was reflected in the press that Ma preferred to live in Tokyo, the capital of Japan, rather than China.