Alibaba and Ant co-founder that is Jack Ma has resurfaced after months out of public view, quashing intense speculation about the plight of the billionaire grappling with escalating scrutiny over his internet empire.
China’s most recognizable entrepreneur addressed scores of teachers on an online conference Wednesday, part of an annual event the billionaire hosts to recognize the achievements of rural educators.
A news portal under Zhejiang Online named Tianmu News which is a government-backed news website reported the meeting on Wednesday.
Jack Ma Yun, the English teacher turned entrepreneur and former executive chairman of #Alibaba, showed up at a rural teacher-themed social welfare event via video link on Wed, his first public appearance since Alibaba came under tougher regulatory scrutiny.https://t.co/VXywPHEeyv pic.twitter.com/DKCXhASIhu
— Global Times (@globaltimesnews) January 20, 2021
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. The executive had kept out of public view since early November, when Chinese regulators torpedoed Ant’s $35 billion IPO, tightened fintech regulations, then ordered an overhaul of Ant and launched a separate antitrust probe into Alibaba.
Sources: Twitter Global Times, CNA.
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