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Jack Ma, co-founder of Alibaba, has invested in a new agricultural technology company in China.
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Ma has largely disappeared from the public eye since angering Beijing with a critical speech in October 2020.
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During his disappearance, Ma traveled around the world and studied agricultural technology.
Jack Ma, co-founder of Alibaba, is leading an active retirement.
after landing Teaching gigs in Hong Kong and Tokyothe 58 years old He recently invested in a new farm tech company, according to a report Monday from South China Morning PostQuoting information from Tianyancha, a company information data provider.
The agrotech startup, 1.8M Marine Technology (Zhejiang), was founded on July 20 in Hangzhou — the city is also the home of Alibaba, China’s answer to Amazon. Hangzhou Dajingtou No. 22 Arts and Culture Co. , an investment holding company of Ma, has a 10% stake in the startup, according to the SCMP.
This new project comes nearly three years since Ma’s disappearance from public view. he angered the Chinese authorities After a speech he gave in October 2020 in which he criticized China’s financial regulation system and accused Chinese banks of operating with a “pawnshop” mentality. his words urge Intense regulatory scrutiny of its business and more broadly Crackdown on tech companies In China.
During his years-long disappearance, Ma seemed to be traveling around the world while studying agricultural technology.
In October 2021 Ma was in Spain learning about agriculture and technology related to environmental issues SCMP reported At the time, citing an unnamed source familiar with Ma’s schedule. He also traveled to HollandAnd JapanAnd Thailand To study agrotech, per SCMP.
In May this year, Tokyo College announce Ma will take up a teaching position while researching sustainable agriculture and food production.
Ma retired from Alibaba in 2019 and is a board member of the Jack Ma Foundation. The foundation did not immediately respond to a request for comment.
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