Alibaba founder Jack Ma has returned to China, ending a more than year-long stay overseas that was viewed by industry as reflecting the sober mood of China’s private businesses and troubled policymakers trying to spur the economy.
The return of China’s best-known entrepreneur may help to quell the concerns of the country’s private-sector businesses after a bruising two-year regulatory crackdown. His public reemergence provides support for the government’s softening tone toward the private sector as leaders try to shore up an economy battered by three years of COVID curbs.
