From Breakingviews: Alibaba founder Jack Ma is back in China. His rehabilitation appears part of an official campaign to revive business confidence. It highlights Beijing's love-hate relationship with the private sector, says mak_robyn
to reassure entrepreneurs rattled by Ma’s defenestration and sector-wide crackdowns that the government still values them.
A better way to reassure investors might be to clarify the status of Ant, the payments-to-credit group co-founded by Ma, which remains. Letting it revive its initial public offering, which was derailed after Ma’s jeremiad, would put money where Li’s pro-market mouth is. Ma visited a private school he founded in the city of Hangzhou, the headquarters of Alibaba and Ant, following a stop in Hong Kong, where he attended the city's Art Basel fair, according to the report. The school, Yungu Education, posted photographs as well as a video of Ma at the school.
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