The Chinese e-commerce giant Alibaba Group Holding’s executive vice chairman, Joe Tsai, said in an interview that the founder of the company Jack Ma is fine and “lying low right now”,
Following Ma’s criticism of the Chinese regulatory system last year, the authorities have come down heavily on the company, leading to the shelving of financial affiliate Ant Group’s IPO. Ma has been largely out of public view ever since.
Tsai told CNBC that what is happening to Ma needs to be separated from what is happening to Alibaba’s business.
He also added that the company’s financial business is under restructuring.
