The chairman of private equity firm Primavera Group, which counts China's Ant Group among its portfolio companies, believes the financial technology giant's founder Jack Ma is "safe and sound", and said that he remains optimistic about the company.
The chairman of private equity firm Primavera Group, which counts China s Ant Group among its portfolio companies, believes the financial technology giant s founder Jack Ma is safe and sound , and said that he remains optimistic about the company. The comments by Fred Hu come as Chinese regulators are investigating e-commerce giant Alibaba and its affiliate Ant after abruptly cancelling the latter s initial public offering (IPO) in November last year. Alibaba founder Jack Ma, who also controls Ant, has not been seen in public since Ant s IPO debacle. I believe he is safe and sound. He remains an enduring example of a successful entrepreneurship, Hu said in an interview at the Reuters Next conference on Wednesday, without elaborating.
Private equity firm Primavera Group, which counts China's Ant Group as one of its portfolio companies, remains optimistic about the financial technology giant, its chairman Fred Hu said on Wednesday, despite the ongoing regulatory crackdown.