After Jack Ma Reappears in Public, Alibaba Stock Goes Up by 8%

Ending speculation about his whereabouts, Alibaba Co-founder Jack Ma reappeared in public view after at least three months amid increased scrutiny of his companies by Chinese regulators. The news took the shares of the company up to more than 8 percent in Hong Kong. The news of his reappearance came after a video of his
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After Jack Ma Reappears in Public, Alibaba Stock Goes Up by 8%

Ending speculation about his whereabouts, Alibaba Co-founder Jack Ma reappeared in public view after at least three months amid increased scrutiny of his companies by Chinese regulators. The news took the shares of the company up to more than 8 percent in Hong Kong. The news of his reappearance came after a video of his on Chinese social media appeared.

In the video, Ma can be seen addressing rural teachers as part of one of his charity foundation’s initiatives, CNBC reported on Tuesday. The annual event is hosted to recognize the achievements of rural educators. Jack Ma participated in the online ceremony of the annual Rural Teacher Initiative event on January 20,” a spokesperson for the Jack Ma Foundation was quoted as saying.

The reports of his going out of public view emerged soon after the billionaire made some comments that sounded critical of China’s financial regulator, triggering speculation of him going “missing.” Weeks after Ma made the critical comments, the flotation of his financial services firm Ant Group was canceled by the Chinese authorities.