Jack Ma, the poster boy of China's tech scene, is moving into the food business

• Alibaba cofounder Jack Ma just set up a new company called "Hangzhou Ma's Kitchen Food," per media reports.
• It's involved in sales of pre-packaged food and the processing and retail of agricultural products, per SCMP.
• Ma has shown interest in the agriculture business since retiring from Alibaba in 2019.

For years, Alibaba cofounder Jack Ma has been the poster boy for China's tech industry — but it looks like he's moving on to the food business.