Alibaba's Jack Ma makes first public appearance in three months

Reuters | Published: 6:18 PM Jan 20 2021
World Alibaba's Jack Ma makes first public appearance in three months

Alibaba Group founder Jack Ma made his first public appearance since October on Wednesday when he spoke to a group of teachers by video, easing concern about his unusual absence from the limelight and sending shares in the e-commerce giant surging.

Speculation over Ma’s whereabouts has swirled in the wake of news this month that he was replaced in the final episode of a reality TV show he had been a judge on and amid a regulatory clampdown by Beijing on his sprawling business empire.

Jack Ma’s reappearance has given investors peace of mind after a lot of rumors, allowing them to pile into the stock which had been a laggard in the market,” said Steven Leung, sales director at brokerage UOB Kay Hian in Hong Kong.

Reuters | Published: 6:18 PM Jan 20 2021

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