NEW!  BREAKING NEWS: Top 5 world’s richest people in 2020 Read More

World NewsBusiness

Alibaba founder, Jack Ma made first public appearance since October

1 Mins read

Alibaba Group founder, Jack Ma has made his first public appearance in over two months in an online video Wednesday, ending weeks of speculation about his whereabouts.

In the 50-second video, Ma congratulated teachers supported by his foundation and made no mention of his disappearance or official efforts to tighten control over Alibaba and other internet companies over the past six months.

The video appeared on Chinese business news and other websites.

The normally voluble Ma disappeared from public view after he irked regulators by criticising them in an October 24 speech at a Shanghai conference.

Days later, regulators suspended the planned multibillion-dollar stock market debut of Ant Group, a financial platform that grew out of Alibaba’s payments service, Alipay.

Shortly afterwards, the record-breaking $37 billion IPO of his financial group Ant was spiked at the last minute by Chinese regulators in a shock move which some saw as retaliation for Ma’s outspokenness.

The Jack Ma Foundation said in a statement released Wednesday, “Jack Ma participated in the online ceremony of the annual Rural Teacher Initiative event on January 20.”

The foundation and Alibaba didn’t respond to questions about Ma’s status and when his next public event might be.

In the speech, Ma praised China’s poverty alleviation efforts, a central target of the Communist leadership, and vowed to dedicate more efforts towards helping rural teachers.

 “My colleagues and I… are even more determined to devote ourselves to education and public welfare,” he said, according to a transcript of his speech published by Chinese news site Tianmu News.

 “China has… entered a new stage of development, and is moving towards common prosperity.”

FRANCE 24

Read more on our World News Page

Related posts
World News

Ex-French President, Nicolas Sarkozy Found Guilty Of Corruption And Sentenced To Jail

2 Mins read
Former French President, Nicolas Sarkozy has been sentenced to three years in prison with two of them suspended, after he was found…
NewsBusiness

Godwin Emefiele announces adjustment of naira to N410/$1

1 Mins read
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has announced the adjustment in the exchange rate of naira to dollar…
World News

'We Have Achieved A Miracle' - China's President Xi Jinping Declares His Country Poverty-free

1 Mins read
The President of China, Xi Jinping has declared his country poverty-free. According to Xi,  over an eight-year period, nearly 100 million people…
Please SUBSCRIBE for our Latest News

 

0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
×
World NewsCoronavirus

UK COVID-19 strain spreads to 60 countries, South African variant in 23 nations - WHO

x
0
Would love your thoughts, please comment.x
()
x