Alibaba stocks soar eight per cent after Jack Ma makes his first public appearance since October
Op IndiaShares of internet giant Alibaba jumped Wednesday as billionaire Jack Ma was seen in public for the first time in three months after he went mysteriously missing in October 2020 after criticising Chinese government. According to Bloomberg’s analysis, after Alibaba’s market cap jumped by $58 billion, 5.5 per cent, closing at 265.49 on the New York Stock Exchange. Jack Ma Yun, the English teacher turned entrepreneur and former executive chairman of #Alibaba, showed up at a rural teacher-themed social welfare event via video link on Wed, his first public appearance since Alibaba came under tougher regulatory scrutiny.https://t.co/VXywPHEeyv pic.twitter.com/DKCXhASIhu — Global Times January 20, 2021 As per Global Times’ claims, the Alibaba founder showed up at a rural teacher-themed social welfare event via video. Jack Ma address public, praises China’s poverty alleviation efforts and China’s ‘leadership’ As per the report, Ma addressed 100 rural teachers across China and said he would meet them once the Chinese coronavirus pandemic was over.