logo
Is this Jack Ma? Billionaire and Alibaba co-founder seen riding bicycle in China's Hangzhou —  Viral video

Is this Jack Ma? Billionaire and Alibaba co-founder seen riding bicycle in China's Hangzhou — Viral video

Mint20-07-2025
In a viral video that has captivated millions across X(formerly twitter), billionaire co-founder of Alibaba, Jack Ma was recently spotted enjoying a bicycle ride on the empty streets of Hangzhou.
The footage recorded by a woman and posted by an X user named Dott Orikon, shows Ma, known globally for his entrepreneurial prowess, pedaling casually without any visible security around him.
Posted the video, an X user said, 'Although he has retained his position as CEO, his story reminds me of China's Last Emperor, who was pardoned after the revolution (despite collaborating with the Japanese) and became a simple gardener.'
This statement compares Jack Ma to Puyi, China's last emperor. Puyi after losing his imperial power and even collaborating with the Japanese, was eventually pardoned and lived his remaining life humbly by being a gardener.
The video garnered attention from several X users. Some people raised concerns about his safety as he was seen riding on the roads alone at night. The road also appeared quite empty in the posted video.
A user also questioned China's safety, by stating, 'A simple gardener with billions in the bank, is China so safe that billionaires like him don't need body guards?' X user comment on the post
While another user mirrored this concern and said, 'Dangerous to be biking at night.'
Some users also questioned his sudden disappearance, adding in their theories.
A user fueled this thought by stating, 'Unless he can give an interview and have people vouch he is alive, have to assume bad things happened to him.'
Another person said, 'I thought he has disappeared. When did he reappear in public and why did he go missing for a while?'
All the questions about Jack Ma's disappearance emerged after he started maintaining extremely low public life in late 2020 following regulatory crackdowns in China. His reduced visibility was also fueled by his critical comments on China's financial system.
Ma lost more than half of his fortune after the incident, which also caused the suspension of Ant Group's IPO where he had 9.9% stake, according to CNN.
He resigned as the CEO of Alibaba in 2013 and executive chairman in 2019 as he continued to be the largest shareholder of the company.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India-US trade deal: India treads cautiously after Trump's trade agreements with Japan, others face challenges - here's what's happening
India-US trade deal: India treads cautiously after Trump's trade agreements with Japan, others face challenges - here's what's happening

Time of India

time2 hours ago

  • Time of India

India-US trade deal: India treads cautiously after Trump's trade agreements with Japan, others face challenges - here's what's happening

India-US trade deal: India would prioritise national interests over meeting deadlines in trade negotiations. (AI image) India-US trade deal: India is exercising caution in its trade negotiations with the US. This careful approach stems from complications in America's recent agreement with Japan, alongside ongoing difficulties in finalising deals announced by President Donald Trump with Indonesia and Vietnam. On Saturday, Commerce and Industry Minister Piyush Goyal indicated that bilateral trade agreement discussions with the US and Oman have progressed significantly. He announced that US negotiators would visit India in the latter half of August to advance these discussions. Goyal also emphasised that India would prioritise national interests over meeting deadlines in trade negotiations, indicating the government's commitment to securing beneficial terms. Trump's self-imposed tariff deadline is August 1, after which countries that don't reach trade deals with the US will likely be hit with high tariff rates. Trump has over the last few weeks sent tariff letters to many countries, though notably India is absent from this list. Trump has also indicated that the US is nearing a trade deal with India. Also Read | Donald Trump tariffs: Will the August 1 deadline by extended by US President? What Commerce Secretary Lutnick said US-Japan Trade Deal Lesson for India According to an ET report, the Japanese-American trade agreement appears to have been hit by disagreements over its terms, with Japanese and US interpretations showing significant differences. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo This has caused extra caution from India's end in terms of trade negotiations, the report said. While US officials assert that Japan has pledged investments in America with local taxpayers receiving ninety per cent of profits, Japanese representatives maintain that no formal written agreement exists. A statement from a Japanese official last week clarified their position on the $550-billion investment package, indicating an expectation that profit distribution between both nations would be proportional to their respective contributions. This stance directly conflicts with Trump's assertion that Japan would independently shoulder the investment costs whilst the US receives 90% of the returns. Also Read | 'Confident India will get special treatment…': Piyush Goyal says trade deal talks with US making 'fantastic' progress; 'important to…' Trump made a unilateral announcement about a trade agreement with Indonesia after speaking with President Prabowo Subianto, though the agreement had been unsigned. On July 22, Indonesia's lead negotiator and coordinating minister for economic affairs, Airlangga Hartarto, alongside US Trade Representative Jamieson Greer, released a joint communiqué detailing the agreement's structure and specifying import duty rates. The declaration had details regarding non-tariff protocols and business arrangements, with both parties committing to ongoing discussions for finalising the agreement. "Yet, the risk of a policy setback remains high if the political agreement is not turned into a legal instrument," according to a commentary by Iis Gindarsah, a visiting senior fellow specialising in Indonesia at the S Rajaratnam School of International Studies (RSIS) in Singapore. In the interim, Vietnam has not formally validated the duty rates declared by Trump as a component of a two-sided agreement, sources indicate. Hanoi is concerned that its US-bound shipments could decrease by 33% if Trump's announced higher tariffs are implemented. According to official statistics, Vietnam's aggregate exports to the US reached $120 billion in the previous year. "Tariffs of 20% to 40% would slash export revenue by up to $37 billion, and hit the majority of Vietnam's key industries, including electronics, machinery, garments, footwear and furniture," a recent Bloomberg report said. Also Read | Donald Trump's aggressive trade moves: US President indicates he won't go below 15% tariff rate; 'we'll have a straight…' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

New York to Tokyo: Japan proposes capital for UN office relocation
New York to Tokyo: Japan proposes capital for UN office relocation

Business Standard

time2 hours ago

  • Business Standard

New York to Tokyo: Japan proposes capital for UN office relocation

Tokyo Governor Yuriko Koike has proposed relocating certain functions of the United Nations (UN) to Japan's capital, citing safety, security, and the cost advantages of operating in Tokyo due to the weak yen, according to several Japanese media outlets. Koike met with UN Secretary-General António Guterres at the organisation's headquarters in New York on July 24, where she expressed Tokyo's readiness to support a broader UN presence. The meeting was part of Koike's official visit to the United States. Speaking to reporters after the meeting, she said, 'Life in Tokyo is advantageous in terms of safety and security, and thanks to the weak yen.' Japan currently hosts several UN bodies, such as the United Nations University and an office of the UN High Commissioner for Refugees. Trump admin policies driving cost-cutting and relocation Koike's comments come at a time when the UN is undertaking cost-cutting measures under pressure from the administration of US President Donald Trump. Rising expenses in New York have prompted the relocation of parts of the United Nations Population Fund (UNFPA) to Nairobi, Kenya, where operational costs are lower. Donald Trump withdraws US from major UN programmes Meanwhile, the United States, under President Trump, has been withdrawing its involvement from several UN programmes. In January, shortly after taking office for his second term, Trump announced the US' withdrawal from the World Health Organization (WHO). On February 4, Trump signed an executive order pulling the US out of the UN Human Rights Council and cutting funding to the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), citing anti-Israel bias and institutional failure. Last week, he announced the US' formal withdrawal from the United Nations Educational, Scientific and Cultural Organisation (Unesco), effective end-2026. The latest withdrawal was criticised by Unesco Director-General Audrey Azoulay, who stated it contradicts the principles of multilateralism and may impact the agency's partnerships in the US. Several United Nations offices, including UN headquarters, and affiliated agencies operate in the United States, primarily centred in New York City, but also Washington, DC, and other locations. Koike cites weak yen and Tokyo's readiness for UN office relocation Although Koike did not present a specific proposal during the meeting, she had previously suggested transferring functions of UN agencies, including the UN Security Council, the World Health Organisation (WHO), and the Organisation for Economic Co-operation and Development (OECD), during a session at the Tokyo Metropolitan Assembly in June. Guterres responded that the UN has received similar cooperation offers from other parts of the world. Japan has recently made other moves to enhance its global engagement, including a proposal to host an Asian branch of the International Criminal Court in 2023. Koike's push for Tokyo comes as the UN marks its 80th anniversary this year.

'Asia must open up': ADB president says world won't return to pre-Trump era
'Asia must open up': ADB president says world won't return to pre-Trump era

Business Standard

time3 hours ago

  • Business Standard

'Asia must open up': ADB president says world won't return to pre-Trump era

Asian economies must embrace openness and reform like never before, Masato Kanda, president of the Asian Development Bank (ADB) said in an interview with Nikkei. The former Japanese currency chief took charge of the Manila-headquartered multilateral lender in February, shortly after Donald Trump returned to the White House for a second term—an event Kanda described as having 'completely changed the world'. Since taking office, Kanda has held discussions with leaders including Prime Minister Narendra Modi, Chinese Premier Li Qiang, and Italian Prime Minister Giorgia Meloni. 'Those leaders all agree that we must use this crisis as an opportunity for reform to build more resilient domestic and regional economies,' he said. 'There will never be a return to a world before Trump,' Kanda said, stressing that Asian economies must diversify away from over-reliance on the US market and global supply chains. 'Strengthening the domestic markets of Asian countries and regions is an important task.' $10 billion investment in Asean grid, Indian metros To support regional resilience and integration, the ADB has pledged up to $10 billion for the Asean Power Grid—an initiative aimed at enhancing cross-border electricity connectivity and energy security in Southeast Asia. Kanda also confirmed the bank's proposal to invest another $10 billion in urban infrastructure projects across India, including metro systems. 'You don't see such a project at that scale in other regions,' he noted, citing India's demographic dividend and its rising role as a regional investment hub. Beyond 'China plus one' While global supply chains have already begun shifting away from China, Kanda cautioned that Southeast Asia, previously buoyed by the 'China Plus One' strategy, is now itself vulnerable, particularly under the weight of fresh US trade barriers. 'The concept still holds, but it must evolve,' he said. 'Diversification must extend beyond final goods markets to include raw material sources and intermediate suppliers.' Asia must not turn inward: ADB president Kanda warned that in the face of growing protectionism in the West, Asia cannot afford to become inward-looking. He urged countries in the region to deepen trade integration not just within Asia but with Europe as well. Speaking on the sidelines of the ADB's annual meeting in Italy earlier this year, Kanda said European leaders had expressed strong interest in strengthening economic ties with Asia, which they view as the world's primary growth engine. 'Reform momentum is building across Asia,' he said, highlighting efforts by regional leaders to dismantle structural barriers such as land-use restrictions and capital controls. 'They understand that survival cannot come from relying on gimmicks.' Kanda also called for prudent macroeconomic policies, warning that without sustainable public finances and a normalised monetary stance, governments may lack the flexibility to respond to future crises. US relations and China lending Despite political changes in Washington, the ADB maintains what Kanda described as a "constructive relationship" with the United States. He pointed to the bank's ability to increase lending by 50 per cent since 2009 without expanding its capital base, calling it an efficient use of donor funds. On US pressure to halt lending to China, Kanda said discussions were ongoing among shareholders. Current ADB loans to China have declined sharply and are now focused on global public goods such as environmental sustainability and biodiversity. ADB trims India forecast amid US tariff pressure The ADB's latest Asian Development Outlook, released last week, revised India's GDP growth forecast for the financial year 2025–26 (FY26) down to 6.5 per cent from the previous 6.7 per cent, citing the impact of US tariff policy and broader global slowdown. Despite this downward revision, the ADB noted that India remains one of the fastest-growing major economies globally. 'This revision is primarily due to the impact of US baseline tariffs and associated policy uncertainty,' the report said. It warned that beyond lower export demand, investment flows may also be affected by heightened uncertainty. Inflation forecasts have also been revised downward to 3.8 per cent for FY26, following a faster-than-expected decline in food prices.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store