Jack Ma, the founder of the Alibaba Group, at the opening ceremony of the Third Summit for Young Entrepreneurs Across China on September 25, 2020, in Fuzhou, Fujian Province, China.
Lyu Ming | China News Service | Getty Images
GUANGZHOU, China – Alibaba founder Jack Ma came out in the spotlight a few weeks later, sparking speculation about where he is, while his companies face increased regulatory scrutiny.
Alibaba’s Hong Kong-listed shares rose 5% on news of its reappearance.
In a video posted on Chinese social media, Ma addressed rural teachers as part of her charity’s initiatives. The annual event, which is usually hosted in Sanya resort, sees the Jack Ma Foundation celebrate the achievements of rural teachers who are given cash support.
“Jack Ma participated in the online ceremony of the annual event of the Rural Teacher’s Initiative on January 20,” said a spokesman for the Jack Ma Foundation.
In October, Ma made some comments that seemed critical of China’s financial regulator.
This was one of the reasons attributed to the Chinese regulators who pulled from what would have been an initial public offering for the registration of the Ant group, founded by the financial technology giant Ma.