Alibaba’s executive vice-chairman and co-founder Joe Tsai said that Jack Ma is lying low and focusing on personal hobbies and philanthropy. Since last year’s criticism by Ma of China’s regulatory system, he has been out of public view. Beijing enforced restructuring on the Ant group. In April Alibaba was charged with a $ 2.8bn fine for anti-competitive business practices. Jack Ma stepped down from Alibaba in 2019 but has had huge influence on investors.