Alibaba founder Jack Ma looks for the first time since crackdown on his tech empire

GUANGZHOU, China — Alibaba founder Jack Ma has emerged after weeks out of the highlight, which sparked hypothesis about his whereabouts as his corporations face elevated regulatory scrutiny.

Alibaba’s Hong Kong-listed inventory became once up over 8% on details of his reappearance.

In a video posted on Chinese language social media, Ma addressed rural teachers as segment of 1 his charity foundation’s initiatives. The annual tournament, which is in total hosted in the resort metropolis of Sanya, sees the Jack Ma Foundation celebrate the achievements of rural teachers who are awarded cash enhance.

“Jack Ma participated in the online ceremony of the annual Rural Teacher Initiative

tournament on January 20,” a spokesperson for the Jack Ma Foundation talked about.

In October, Ma made some comments that looked serious of China’s financial regulator.

It became once one in every of the causes attributed to Chinese language regulators pulling the race on what would beget been a file-environment initial public offering of Ant Crew, the financial abilities huge Ma founded.

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