It disappeared a few months, finally the Chinese billionaire Jack Ma

It disappeared a few months, finally the Chinese billionaire Jack Ma

Alibaba Jack Ma's billionaire co-founder resurfaced for the first time after more than two months of lack of public events, as his empire of technology continues to face surveillance by Chinese regulators. The tycoon spoke today at an online conference with a hundred teachers in rural areas, in the fields of philanthropic activities [...]

The tycoon spoke today at an online conference with a hundred teachers in rural areas in the fields of philanthropic activities to recognise the efforts of educators in the most remote areas of the country.

Alibaba's billionaire co-founder resurfaced Wednesday in a video published by Chinese state media. He appeared talking to teachers in rural China as part of a philanthropic event.

Ma's re-organisation can reduce rumors of his fate, as Beijing continues investigations into the reshuffle of the Ant Group and Alibaba, in the midst of the anti-trust.

Ma had not made a public presentation or post in social media since late October, just over a week before Alibaba's financial subsidiary, Ant Group, was scheduled to rank in the Shanghai and Hong Kong stock exchanges. The IPO was blocked in the last minute by Chinese regulators, and its companies have since been targeted as part of a escalating technology shock from Beijing.

The shares listed in Hong Kong and Alibaba increased by more than 9% on Wednesday after the video was released, helping eliminate some of the losses that have been accumulated since the Ant Group's IPO withdrew. The event also launched a broader gathering into the Chinese technology reserves that trade in Hong Kong.

Alibaba is China's most famous technology company, but he faces a host of challenges that threaten to radically change him forever. Chinese authorities are investigating the company on antitrust bases, while also pushing its wide financial subsidiary, Ant Group, to review its business.

 

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