The Limited Times

Now you can see non-English news...

Jack Ma, founder of Alibaba, reappears in video after 2 months of silence

2021-01-20T09:07:32.813Z


The Chinese billionaire had disappeared from radar after criticizing financial regulatory authorities at the end of October.


The Chinese billionaire Jack Ma, in the viewfinder of the authorities, made his reappearance on Wednesday by interposed video, after two and a half months of silence at the origin of many questions.

Read also: The disgrace of Jack Ma, founder of Alibaba and icon of Chinese capitalism

The founder of the online commerce juggernaut Alibaba had disappeared from the radar after publicly criticizing the financial regulatory authorities at the end of October.

This unusual spike in the direction of the communist regime had earned him a summons from the authorities, who had also banned in extremis the giant IPO of Ant Group, Alibaba's online payments subsidiary, on the Shanghai and Hong Kong markets. .

But in a video posted online Wednesday, the businessman with a fortune valued at 48 billion euros appeared to be addressing teachers remotely as part of his patronage activities.

In his online intervention, Jack Ma praised the efforts of the communist regime to eradicate extreme poverty, President Xi Jinping's flagship project.

He said he was "

more determined than ever to help education and the public good

," according to statements reported by the Tianmu News news site.

"

China (...) has entered a new phase of development and is progressing towards common prosperity

," said the billionaire, considered one of the country's greatest fortunes.

The Jack Ma Foundation, which is geared towards helping education, confirmed that its founder, himself a former English teacher, participated in the online event with teachers working in rural areas.

To read also: Ant Group: a twist that sounds like a bringing billionaire Jack Ma to heel by Beijing

This appearance immediately reassured the Hong Kong Stock Exchange, where Alibaba stock rose 8.52% on the session, ending at HK $ 265.

Source: lefigaro

All news articles on 2021-01-20

You may like

Life/Entertain 2024-04-08T14:45:30.831Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.