Jack Ma (馬雲), the billionaire founder of Chinese Internet behemoth Alibaba Group Holding Ltd (阿里巴巴), yesterday made his first public appearance in more than two months, ending weeks of speculation about his whereabouts.
Ma one of China’s richest people with a fortune estimated at about US$58 billion disappeared from the public eye in early November last year, when he was hauled in front of regulators for an October speech critical of China’s outdated financial system.
Shortly afterward, the record-breaking US$37 billion initial public offering (IPO) of his financial group Ant Group Co (螞蟻集團) was spiked at the last minute by
Jack Ma, Missing For Months, Emerges for First Time Since China Crackdown Jack Ma, Missing For Months, Emerges for First Time Since China Crackdown Jack Ma s re-emergence may help quell persistent rumors about his fate while Beijing pursues investigations into online finance titan Ant Group Co. and Alibaba Group Holding Ltd.
Updated: January 21, 2021 5:30 am IST
Jack Ma s appearance, first reported in a local blog, was confirmed by people familiar with the matter
Jack Ma has resurfaced after months out of public view that fueled intense speculation about the plight of the billionaire grappling with escalating scrutiny over his internet empire.
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U.S. stocks rallied to all-time highs as investors grew optimistic that recent federal spending will revive growth and bolster corporate earnings. Treasuries were little changed while the dollar weakened.