Alibaba billionaire founder Jack Ma is 'lying low' after a roller coaster year in which China cracked down on his tech empire – News Break

Jack Ma is “fine,” an Alibaba executive said after the Chinese billionaire’s tumultuous year. China pulled Ma’s record-breaking Ant IPO last fall after he publicly criticized the nation’s banking system. Alibaba received a $2.8 billion antitrust fine, signaling an even greater crackdown on Ma’s tech empire. See more stories on Insider’s business page . Chinese billionaire Jack Ma is “lying low right now” after the Alibaba and Ant Group founder had a whirlwind year that led to a pulled multi-billion-dollar IPO and a heavier regulatory crackdown. Alibaba co-founder Joe Tsai told CNBC Tuesday that Ma is “fine” and “doing very…