Jack Ma is traveling out of China for the first time since the Alibaba campaign .. Where did he go?

Jack Ma, a founding partner of Alibaba Group Holdings Ltd., is traveling in Europe for the first time since the government’s crackdown on its tech empire, according to reports from the media of Hong Kong.

And the South China Morning Post, owned by Alibaba, indicated that the 57-year-old billionaire is in Spain after stopping in Hong Kong.

The newspaper said Jack Ma is overseas to attend a variety of business meetings, including a tour of agriculture and environmental technology related industries. in Spain.

It comes after Beijing began revolutionizing private sector reforms a year ago by pulling the plug on a planned initial public offering by Ant Group and a followed antitrust investigation with e-commerce giant Alibaba over alleged abuses of the its market power. As a result of this campaign, Jack Ma disappeared in much of it from sight in the months that followed.

The Communist Party’s campaign has shifted to other targets, including delivery giant Mituan and mentoring companies. Alibaba also paid an antitrust fine record of $ 2.8 billion and vowed to reform its practices.

After the report was released, Alibaba shares and Chinese technology shares rose in more broadly, as investors wagered the worst of the campaign was over.

Shares of Alibaba were up 9.2% on Wednesday and more than 30% from their lowest level earlier this month.

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