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Home » business » “I believe Jack Ma is safe & sound”: Primavera Chairman, Fred Hu

“I believe Jack Ma is safe & sound”: Primavera Chairman, Fred Hu

Notably, rumors are going around that China Communist Party (CPC) will soon nationalise Alibaba to break their monopoly on China’s internet sector.

By Anukul Chauhan
Published on :
Primavera Chairman Fred Hu Jack Ma Alibaba Ant group

The chairman of private equity firm Primavera Group and investor, Fred hu believes Alibaba founder Jack Ma is “safe and sound”, and said that he remains positive about the company’s future.

Notably, rumors are going around that China Communist Party (CPC) will soon nationalise Alibaba to break their monopoly on China’s internet sector. And all these rumors are sparked by the fact that Jack Ma is nowhere to be seen in the public eye since late October. This fact has now made headlines and worries for investors all around the world regarding the future of Alibaba and Ant group.

“I believe he is safe and sound. He remains as an enduring example of successful entrepreneurship,” Hu said in an interview at the Reuters Next conference on Wednesday.

“I do believe that the company (Ant) is highly successful innovator and has really single-handedly created fintech in China as we know it,” he said. “I remain optimistic about the future of this company.”

Not to forget that Alibaba Group Holding Ltd. is looking to raise as much as $8 billion selling dollar bonds as early as next week, giving global investors a chance to bet on the Chinese e-commerce giant’s long-term prospects.

 

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