News Snapshot:
Alibaba founder Jack Ma has returned to China, ending a stay overseas of more than a year that industry viewed as reflecting the sober mood of its private businesses, and which sources said eventually spurred the new premier to reach out. The return of China’s best-known entrepreneur may help to quell the concerns of its private sector after a bruising two-year regulatory crackdown. Ma’s re-emergence in public offers support for the government’s softening tone toward the private sector as leaders try to shore up an economy battered by three years of COVID-19 curbs. Online talk of Ma’s return began emerging...
