Alibaba shares jump on Jack Ma’s first appearance in 3 months – TechCrunch

The billionaire founder of Alibaba was rekindled as he spoke to 100 rural teachers via a video call three months after his last public appearance in October, raising the e-commerce firm’s shares to more than 8% in Hong Kong.

Call recording was previously posted on a News portal Supported by the government of Zhejiang, the eastern province where Alibaba is headquartered, and the video was verified by an Alibaba spokesman.

Speculation intensified around Ma’s whereabouts He left a tape of a TV program he made after being reported by the media in December. Ma, known for her love in the headlines, has seen her e-commerce empire Alibaba and fintech giant Ant Group increasingly in the crosshairs of Chinese executives in recent months.

Ma last appeared in public at a conference where he operated China’s financial regulatory system in front of a room of high-ranking officials. His controversial comments, according to reports, Suddenly prompted Chinese regulator to stop Ant’s initial public offering, which would have been The biggest public sale of all time.

Ant is working on corporate restructuring and regulatory compliance under government directives. China’s largest e-commerce platform Alibaba also came under scrutiny as market regulators investigated its alleged monopoly practices.

Some argue that Jack Ma’s recent disarray over the Internet empire indicates Beijing’s growing concern with the country’s super-rich and private-sector power brokers.

“Today, Alibaba and its archival, Tencent, control more personal data and are more acutely involved in everyday life in China than Google, Facebook and other American tech titans. And like its American counterparts, Chinese giants sometimes threaten smaller competitors and kill innovation, ” wrote Li Yuan for the New York Times.

“You don’t have to be a member of the Communist Party to see the reasons for strengthening them.”

In the 50-second clip, Ma is seen talking directly into the camera, which appears to be a decorative portrait typical of the water city of Zhejiang. An art history book with a vase of fresh flowers and a ceramic statue is shown, which looks relaxed and content.

Ma addressed the 100 teachers receiving the Jack Ma Rural Teachers Award, which was established by the Jack Ma Foundation to identify outstanding rural teachers every year. It is unclear where Ma was speaking, but the video briefly shows her visiting a rural boarding school in Zhejiang on January 10. The award ceremony was moved online due to an epidemic this year, Ma told the award recipients.

When Ma announced her retirement plans, she pledged to return to her teaching roots and Dedicate more time to education philanthropy, Although the founder still holds considerable sway over Alibaba by holding a powerful seat Alibaba partnership. The veteran billionaire began his career as an English teacher in Hangzhou, and on Weibo, China’s Twitter counterpart, he describes himself as an “ambassador for rural teachers”.