Jack Ma's video chat prompts a $58 billion sigh of relief
“There’s still a lot of uncertainty on regulators’ next moves, but this does mean the status of Jack Ma is much better than a lot of people speculated,” said Fang Kecheng, a professor at the Chinese University of Hong Kong. Ma’s talk focused on philanthropic issues including the importance of narrowing income disparities and reviving China’s countryside, two big priorities for Xi Jinping’s Communist Party. While far from a mea culpa, the comments offered a stark contrast to Ma’s last public remarks in October, when the billionaire launched into an unusually strong rebuke of C...