“Jack Ma”, the famous billionaire and founder of Alibaba retail, appeared in public after a long time and gave a speech about artificial intelligence. This Chinese billionaire had disappeared for a relatively long time after criticizing the Chinese government.
Jack Ma is one of the founders of Ant and the online retailer Alibaba, and he is also a well-known figure in China. In the past years, he has been involved in various political issues and disappeared due to his criticism of the Chinese government, and there were many conflicting news about his situation.
Jack Ma spoke about the future of fintech and artificial intelligence
According to a report published by Bloomberg, Jack Ma appeared in public on Sunday to talk about the next 20 years of progress for fintech companies and the opportunities that artificial intelligence will bring.
Alibaba’s retail founder said at the conference: “We were lucky to take advantage of the Internet’s opportunities 20 years ago. In the next 20 years, artificial intelligence will create changes beyond imagination and create a new era.”
Jack Ma also acknowledged the challenges Ant has faced, saying the company has now matured and used criticism to its advantage. It also said it will promote Cyril Hahn to chief executive officer to replace Eric Jing.
2020 Jack Ma abruptly halted a planned initial public offering for Ant and ordered a major overhaul of its business model to comply with financial regulations after criticizing Chinese government policies and the country’s financial regulators. It was precisely at that time that the news of Jack Ma’s disappearance appeared in the media. Even now, it is said that the wealth of this Chinese billionaire has been reduced to more than half due to these activities.
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