July 31, 2021

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Alibaba founder Jack Ma reappears after crackdown on his tech empire

Alibaba founder Jack Ma reappears after crackdown on his tech empire


Jack Ma, founder of Alibaba Team, all through the opening ceremony of the 3rd All-China Youthful Business people Summit on Sept. 25, 2020 in Fuzhou, Fujian Province of China.

Lyu Ming | China Information Service | Getty Illustrations or photos

GUANGZHOU, China — Alibaba founder Jack Ma has emerged following weeks out of the highlight, which sparked speculation about his whereabouts as his providers facial area improved regulatory scrutiny.

Alibaba’s Hong Kong-shown stock was up around 8% on information of his reappearance.

In a video clip posted on Chinese social media, Ma addressed rural teachers as component of a person his charity foundation’s initiatives. The once-a-year celebration, which is generally hosted in the vacation resort metropolis of Sanya, sees the Jack Ma Foundation celebrate the achievements of rural teachers who are awarded dollars help.

“Jack Ma participated in the online ceremony of the annual Rural Teacher Initiative
event on January 20,” a spokesperson for the Jack Ma Basis said.

In October, Ma manufactured some reviews that appeared essential of China’s money regulator.

It was one of the explanations attributed to Chinese regulators pulling the plug on what would have been a document-setting preliminary public supplying of Ant Group, the monetary technological know-how giant Ma established.



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