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Allegations of Jack Ma’s disappearance recently surfaced after he made critical statements about China’s banking industry
Chinese billionaire Jack Ma, founder of e-commerce giant Alibaba, has appeared for the first time since the campaign launched by official government agencies in China against his business empire.
Ma’s recent absence has sparked speculation about her demise amid official control over the activities of her companies.
Jack Ma met with 100 rural teachers on Wednesday via video conference, local media reported.
Shares of Alibaba Retail Group rose 5.00%, boosted by news of the company’s owner’s first appearance on the Hong Kong Stock Exchange on Wednesday morning.
Tianmu News, backed by the local government of China’s Zhejiang state, was the first to spread the news that Jack Ma appeared to be speaking to teachers as part of his charitable foundation’s initiatives.
It is customary to hold this annual meeting at beach resorts in the Chinese city of Sanya, but this year it was held via the Internet due to restrictions imposed to limit the spread of Covid 19.
Speaking at this annual meeting, Ma said, “We cannot meet in Sanya because of the epidemic.”
He added, “When the epidemic ends, we must have time for everyone to go to Sanya and meet again.”
And what was shown in the video, dressed in a blue jacket, sat directly facing the camera, talking to the professors, as the background of gray marble walls and a striped rug appeared on the floor.
It wasn’t clear in this video, nor in the Tianmu News article, where Jack was talking about.
Formal audit
Last month, China’s central bank summoned executives from Ant Group and issued instructions for a fundamental restructuring of the company’s operations.
Jack Ma is a founding partner of the Ant Group, the largest provider of electronic payment services in China.
The restructuring process was preceded by a decision to reject Ant’s application to list Ant on the Hong Kong Stock Exchange.
And financial market experts had expected, before the group’s request was rejected, that the group’s bid for a $ 37 billion Hong Kong Stock Exchange listing would be the most major global market in 2020.
Meanwhile, the Chinese Market Regulatory Authority has opened an investigation into allegations that Alibaba is involved in monopoly practices.
Jack Ma’s absence from the recording of an episode of the Africa Business Heroes TV show, which is on his jury, raised suspicions last month about the Chinese billionaire’s disappearance.
Although Alibaba justified its owner’s absence from filming this episode of the program by having a conflict in Jack Ma’s schedule, several media reports said he had not appeared since he did. remarks that appeared to criticize China’s banking system at a conference in Shanghai in October. the first the second.
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