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Jack Ma apparently appeared in public for the first time since October

2021-01-20T07:19:33.109Z


China's model entrepreneur had fallen from grace and then disappeared from the public eye. Now Jack Ma has apparently appeared in public again for the first time - by means of a video message.


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Entrepreneur Jack Ma

Photo: PHILIPPE LOPEZ / AFP

For the first time since the end of October, the Chinese multi-billionaire Jack Ma has appeared again in public.

Chinese state media broadcast a video message from the 56-year-old on Wednesday that he reportedly addressed to 100 teachers in rural areas.

Ma announced in the video that she wanted to do more for charitable purposes than before.

"During these days I have been studying and thinking together with my colleagues. We are now even more determined to devote ourselves to education and charity," Ma was quoted as saying in his address at an annual event held by his foundation.

The founder of the Chinese online giant Alibaba had not appeared in public since the end of October since he sharply criticized the Chinese regulators in a speech.

Subsequently, there was speculation about Ma's disappearance.

In his speech at the time, he had said that Chinese financial market controls are hostile to innovation and that new technologies are not appropriate: "We cannot manage an airport like a train station," he said.

China's financial world has "the mentality of a pawnshop".

At the beginning of November, the authorities stopped the planned IPO of the Alibaba financial subsidiary Ant Group with reference to new rules.

It should have been the biggest IPO of all time.

Alibaba also got caught in the crossfire on another front, which is now also being investigated by the Chinese antitrust authorities for alleged monopoly offenses.

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hej / dpa

Source: spiegel

All business articles on 2021-01-20

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