Exactly why Ma left was never made clear. However, her flight from China has become a symbol of the uncertainty that prevails among entrepreneurs. For example, Beijing has introduced tough regulations against the free sector, and especially against the technology sector. Previously, Ma had already criticized the totalitarian regime’s approach to the tech sector. The Chinese government then threatened Ma with heavy fines.
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In late 2021, it emerged that Ma had fled China. He has appeared in Japan, Spain, Australia and Thailand. Why she is now returning to China is not clear. Several Reuters sources say Chinese Premier Li Qiang has made some attempts to bring the tech billionaire back to China. It is not clear whether this is also the real reason for his return.
Short-lived stock market jump
However, Ma’s return is seen as something positive. “It strengthens the sentiment of the broader platform and the Internet industry,” said Zhang Zihua, head of investment at Beijing Yunyi Asset Management. “This means that the government has effectively reconsidered the position and importance of platform companies for Chinese economic developments.”
Ma’s return also meant good news for Alibaba’s share of the Chinese stock exchange. Due to the news, the share increased by 4%, although the price jump disappeared shortly after.