Jack Ma, co-founder of China's Alibaba Group. Reuters
Jack Ma, co-founder of China's Alibaba Group. Reuters
Jack Ma, co-founder of China's Alibaba Group. Reuters
Jack Ma, co-founder of China's Alibaba Group. Reuters

Chinese billionaire Jack Ma spotted in Michelin starred Bangkok restaurant


Alkesh Sharma
  • English
  • Arabic

Billionaire co-founder of technology conglomerate Alibaba, Jack Ma, who has kept a low profile since China’s regulatory crackdown on his companies in late 2020, visited Michelin star Bangkok restaurant Jay Fai.

The street-side restaurant, named after its 77-year-old owner and head chef Jay Fai — whose real name is Supinya Junsuta — posted Mr Ma’s picture with Ms Fai on its Instagram handle.

“Incredibly humble, we are honoured to welcome you and your family to Jay Fai's,” the restaurant's Instagram post said.

Founded in the 1980s, Jay Fai serves mostly Thai cuisine and wok-cooked seafood dishes, and is popular with food enthusiasts.

Located on Mahachai Road in the Samran Rat neighbourhood of Bangkok's Phra Nakhon district, Jay Fai is known for its green-tiled walls, simple tables and stools for seating.

Founded in 1999, Hangzhou-headquartered Alibaba specialises in e-commerce, retail, FinTech (Ant Group) and technology.

In December 2020, Chinese regulators launched an anti-monopoly investigation into Alibaba.

Mr Ma, a former English teacher, has been absent from the public realm since the abrupt halt of Ant Group's planned $35 billion listing in 2020.

In November, the Financial Times reported that Mr Ma had been living in Central Tokyo with his family members for nearly six months.

Mr Ma’s stay in Japan included stints in hot spring and ski resorts in the countryside outside Tokyo and regular trips to the US and Israel, according to the newspaper, which is owned by the Japanese media company Nikkei.

Jack Ma visiting a Dutch flower grower in Bleiswijk, Netherlands, in October last year. Reuters
Jack Ma visiting a Dutch flower grower in Bleiswijk, Netherlands, in October last year. Reuters

Alibaba and payments giant Ant are facing anti-trust scrutiny over risks to financial stability.

A 2010 offshoot of Alibaba, Ant was due to start trading on November 5, 2020, after raising at least $35 billion in an initial public offering that attracted more than $3 trillion in orders from retail investors in Shanghai and Hong Kong.

Last month, however, Ant Group’s consumer finance unit received approval to more than double its registered capital, a sign of improvement towards resolving regulators’ concerns.

On December 30, the China Banking and Insurance Regulatory Commission said it approved Ant’s request to raise the amount of registered capital for the consumer unit to 18.5 billion Chinese yuan ($2.7 billion) from eight billion yuan.

Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

Profile of Tarabut Gateway

Founder: Abdulla Almoayed

Based: UAE

Founded: 2017

Number of employees: 35

Sector: FinTech

Raised: $13 million

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Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

How much do leading UAE’s UK curriculum schools charge for Year 6?
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  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

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How to improve Arabic reading in early years

One 45-minute class per week in Standard Arabic is not sufficient

The goal should be for grade 1 and 2 students to become fluent readers

Subjects like technology, social studies, science can be taught in later grades

Grade 1 curricula should include oral instruction in Standard Arabic

First graders must regularly practice individual letters and combinations

Time should be slotted in class to read longer passages in early grades

Improve the appearance of textbooks

Revision of curriculum should be undertaken as per research findings

Conjugations of most common verb forms should be taught

Systematic learning of Standard Arabic grammar

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What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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Updated: January 06, 2023, 6:01 PM`