The Chinese billionaire Jack Ma reappeared on Wednesday in the sights of the authorities after two and a half months of silence at the origin of many questions through an intermediary video.
The founder of online trading juggernaut Alibaba disappeared from the radar after publicly criticizing financial regulators in late October. This unusual surge in the direction of the communist regime had earned him a subpoena from the authorities that also extremely banned the giant IPO of Ant Group, Alibaba’s online payments subsidiary, in the Shanghai and Hong Kong markets. .
Talk to teachers remotely in a video
In a video released on Wednesday, the businessman with a fortune of 48 billion euros appeared to be addressing teachers from a distance as part of his patronage activities.
In his online intervention, Jack Ma praised the communist regime’s efforts to eradicate extreme poverty, President Xi Jinping’s flagship project. He said he was “more determined than ever to help education and the common good,” according to the Tianmu News news site.
“China (…) has entered a new phase of development and is making progress on the way to mutual prosperity,” said the billionaire, who is considered to be one of the country’s greatest assets. The Jack Ma Foundation, which is committed to helping education, confirmed that its founder, himself a former English teacher, attended the online event with teachers from rural areas.
That appearance instantly calmed the Hong Kong Stock Exchange, on which Alibaba shares rose 8.52% during the session to end at HK 265.