Jack Ma's family shifted wealth to UK after years-long 'disappearance'

14 hours ago

Copy Link

Jack Ma's wife, Cathy Ying Zhang, bought a £19.5 million mansion in London's Belgravia district.
The purchase may signal precautionary diversification amid political uncertainties in China.
Zhang, a Singaporean citizen, reportedly funded the purchase through the sale of Alibaba shares.
The Ma family has been acquiring international properties, including in France and Singapore.
Chinese high-net-worth individuals are increasingly moving assets abroad due to fears of government crackdowns.
Jack Ma faced political scrutiny after criticizing China's financial system but has since reconciled with authorities.
Ma's public appearances remain limited, suggesting he may not be fully rehabilitated in China.
Chinese authorities allegedly used Ma to pressure a dissident businessman to return from France.

Hasty Briefsbeta