JAKARTA - SoftBank boss, Masayoshi Son gave the latest information about Jack Ma. The Alibaba boss is no longer seen in public after criticizing China's financial system. Even though Jack Ma chose not to appear in public, the latest news about him was revealed by Masayoshi.
Jack Ma and Masayoshi are known as two people who love painting. They also often paint and exchange works. In a number of meetings he stated that he does not always talk about business but also talks about works of art.
"It's not always about business," said Masayoshi on the sidelines of discussing China's tough decision against Alibaba and Jack Ma's Ant Group, as quoted by CNN International.
Masayoshi Son revealed that he and Jack Ma are still on good terms even though Jack Ma has chosen not to appear in the public eye for several months.
"Jack Ma loves painting and has sent me lots of pictures," said Masayoshi Son.
He also said that Jack Ma usually always responds to his paintings after showing them. "Thirty minutes or so, before I went to bed, I painted a few pictures ... showed him [the painting]," Masayoshi said.
Masayoshi also responded to Jack Ma's criticism of China's financial system, saying that the Chinese government was too cautious and too focused on tackling risks that could potentially stifle innovation. This puts strong pressure on companies owned by Jack Ma, Alibaba and the Ant Group.
The government has also canceled the IPO of Ant Group on the stock exchanges in Hong Kong and Shanghai. The Chinese Financial Authority is also conducting an investigation into the financial system of Ant Group which is suspected of monopoly.
Alibaba's first investor is SoftBank. Jack Ma and Masayoshi help each other grow Alibaba company. Previously, Jack Ma also held the position of director of SoftBank with Masayoshi. Then Jack Ma decided to resign from SoftBank after choosing to resign from Alibaba.
Until now, SoftBank is the majority shareholder of Alibaba. For SoftBank, Alibaba is SoftBank's most important money machine.
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