The South China Morning Post reported on Monday, citing sources, that Alibaba founder Jack Ma has returned to China and visited a school in the city of Hangzhou that he founded. The school is located in Hangzhou.
According to the article, Jack Ma, who is also the founder of Ant Group, had conversations with the school about teaching as well as the ChatGPT technology.
The South China Morning Post is a publication that is owned by Alibaba.
Following the announcement, Alibaba’s stock price increased by more than 4%.
According to the story, the billionaire businessman is a former English teacher and made a quick stop in Hong Kong, where he met with friends and also briefly attended Art Basel before returning to China. The report also stated that the wealthy businessman returned to China.
Ant Group is a behemoth in the Chinese financial technology industry. Recently, Jack Ma gave over ownership of the company as part of a restructuring effort that aims to put an end to a larger regulatory crackdown.