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Jack Ma is seen for the first time in months and Alibaba's stock is soaring
According to local Chinese media reports, Tycoon Ma appeared in the video and delivered a speech in front of 100 rural teachers.
This is his first public appearance since his critical speech on October 24
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Jack Ma
Ophir Dor
Wednesday, 20 January 2021, 07:46
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Finally observed.
Jack Ma (Photo: Reuters)
Tycoon Jack Ma, founder of Alibaba and Ant Group, has not been seen in public since his October 24 speech at a conference in Shanghai, in which he criticized financial regulators and banks in China.
His absence has raised many speculations about his condition including speculation as to whether he was arrested or chose to download a profile.
Ma was even absent in November from filming his reality show, "The Business Hero of Africa," a sort of star born to young African entrepreneurs.
However, according to a report in the local Chinese media in China, Ma made his first public appearance after three months today (Wednesday).
According to a report from a site in Zhejiang Province in eastern China, Ma's home province, he delivered a video speech to 100 local rural teachers.
Following the report, Alibaba's shares in Hong Kong are trading at price increases.
According to the website report, Ma told teachers among other things that "I have studied and thought these days with my colleagues, and we are more committed to education and charity."
Ma promised the teachers that he would invite them on vacation to the tropical island of Hainan in China after the corona.
Since that critical speech on October 24, China's attitude toward Jack Ma's companies has changed significantly.
Days later, Ma and other executives at the fintech company Annette Group were summoned to a meeting with regulators, which led to the cancellation of the company's huge offering.
Authorities also announced an antitrust investigation against the Alibaba trading company set up by Ma.
All of these have caused a sharp drop in Alibaba shares in recent months.
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