SINGAPORE—Jack Ma, Alibaba Group Holding Ltd. ’s billionaire co-founder, is traveling outside of China for the first time since his business empire came under regulatory scrutiny about a year ago, according to people familiar with the matter.
Mr. Ma, who recently briefly spent time in Hong Kong, is now in Europe to see friends, taste wines and conduct business meetings, the people said. He arrived in Spain this week and boarded a yacht from the Balearic Islands and is expected to travel to other European countries, they said. While Mr. Ma’s schedule is fluid, he is expected to return to China next month, according to one of the people.
