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Chinese businessman Jack Ma is in town.

FrontWires by FrontWires
July 5, 2023
Reading Time: 2 mins read
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Chinese businessman Jack Ma is in town.

Jack Ma, billionaire founder of Alibaba Group, at the "Tech for Good" Summit in Paris, France on May 15, 2019. Reuters

His plans are unknown, but he reportedly requested to meet with the finance minister and prime minister.

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Tycoon Jack Ma from China is in town

The founder of the technology giant Alibaba, Jack Ma, who was once the richest businessman in China, arrived in Kathmandu on Tuesday in the late afternoon.

The business tycoon arrived at Kathmandu’s Tribhuvan International Airport at 2:30 pm on a special flight, according to Director General of the Department of Immigration Jhalakram Adhikari.

With a net worth of $34.5 billion as of June 2023, Ma is the 39th richest person in the world and the fourth wealthiest person in China, according to the Bloomberg Billionaire Index. Daraz, a well-known e-commerce site in South and East Asia, was purchased by Ma’s Alibaba about five years ago.

According to a senior government official, very few people were aware of his visit. The official declared, “There would be no reason not to welcome him when such a wealthy man seeks to visit Nepal. The civil aviation authority had to give Ma permission before his flight.

According to CAAN Information Officer Gyanendra Bhul, Ma was accompanied by six crew members on his flight from Bangladesh to Nepal.

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According to the leaders’ private secretariats, Ma has sent separate requests to meet with the prime minister, Pushpa Kamal Dahal, and the finance minister, Prakash Sharan Mahat.

Ma marked at Immigration that he had arrived from China. The Chinese government has criticized Ma’s business empire. He did, in fact, spend last week in Japan.

Ma reportedly vanished from the public eye between October 2020 and January 2021 after criticizing China’s banks and regulators, according to a number of international media outlets. He then traveled to many nations before settling in Japan.

Jack’s trip to Kathmandu was described as a “business trip” by a member of Nepal’s business community, but no further details were made available to the Post.

Jack provided some Asian nations with emergency supplies during the Covid pandemic, including masks, test kits, protective suits, ventilators, and thermometers.

“Let’s go, Asia!” Jack tweeted back then. “We will provide Nepal, Afghanistan, Bangladesh, Cambodia, Laos, Maldives, Myanmar, Pakistan, and Sri Lanka with emergency supplies (1.8 million masks, 210 thousand test kits, 36 thousand protective suits, as well as ventilators and thermometers. It’s difficult to deliver quickly, but we’ll manage it.

A senior security official claimed that the rest of his itinerary in Nepal was kept a secret. The official continued, “We have heard he will visit Chitwan before departing for Pakistan on Thursday. But his team hasn’t given us a confirmation, yet.

Tags: chinajack manepal
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