Published: October 22nd, 2021,
Last updated: October 22nd, 2021

The 88-meter super yacht ZEN owned by Jack Ma, founder of online giant Alibaba, is currently moored off the bay of Santa Ponça in Spain. Ma himself is said to be enjoying the Spanish sun at the moment. And relaxation is probably something he sorely needs: Beijing had scrutinized Alibaba’s business practices as the first of the tech giants in the country and prevented its financial arm from going public. Jack Ma had previously fallen from grace with China’s leadership when he made disparaging remarks about China’s financial regulators last October. Ma subsequently disappeared from the public eye for 87 days – only to reappear with nothing but praise for the Chinese government for its success in fighting poverty. Now he left the country for the first time since then, recuperating in Mallorca.