Jack Ma is holidaying in Spain, according to two people familiar with his travel plans, marking the Chinese internet tycoon’s first confirmed trip outside China since he ran afoul of the country’s financial regulators late last year.
The Hong Kong-traded shares of Alibaba, Ma’s ecommerce group, rose as much as 9.2 per cent on Wednesday morning.
Ma has made only a handful of low-key appearances in China since the initial public offering of Ant Group, his online finance platform, was blocked by President Xi Jinping in November, shortly after the tycoon publicly criticised Chinese financial regulators in a speech.
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