Jack Ma returns to China to allay private sector fears

The school was founded by Mr Ma and other Alibaba founders in the e-commerce giant's eastern home city of Hangzhou in 2017. Mr Ma returned to China last week, two sources with knowledge of the matter said. Reuters was not able to establish how long he plans to stay in China this time round. China's new premier, Li Qiang, a close ally of President Xi Jinping, had recognised Mr Ma's return to the mainland could help boost business confidence among entrepreneurs and since late last year had begun asking Mr Ma to return, five sources with knowledge of the matter…