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Jack Ma, founder of Alibaba Group, at the opening ceremony of the 3rd Pan-China Young Entrepreneur Summit on September 25, 2020 in Fuzhou, Fujian Province, China.
Lyu Ming | China Press Service | Getty Images
GUANGZHOU, China – Alibaba founder Jack Ma has appeared after weeks of being out of the spotlight, prompting speculation about his fate as his companies come under increased regulatory scrutiny.
Alibaba’s Hong Kong-listed stock rose 5% on news of its reappearance.
In a video posted to Chinese social media, Ma spoke to rural teachers as part of one of her charitable foundation’s initiatives. The annual event, which usually takes place in the seaside town of Sanya, sees the Jack Ma Foundation celebrating the achievements of rural teachers who receive cash assistance.
“Jack Ma participated in the online ceremony of the Rural Teachers Initiative annual event on January 20,” said a spokesperson for the Jack Ma Foundation.
In October, Ma made comments that seemed critical of China’s financial regulator.
This was one of the reasons attributed to Chinese regulators ending what would have been a record-breaking IPO by Ant Group, the fintech giant founded by Ma.
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