Jack Ma, founder of Alibaba Group, during the opening ceremony of the 3rd All-China Young Entrepreneurs Summit on September 25, 2020 in Fuzhou, Fujian Province in China.
Lyu Ming | China News Service | Getty Images
GUANGZHOU, China – Alibaba founder Jack Ma has come out of the spotlight after weeks of speculation about his location as his companies are increasingly confronted by the regulatory investigation.
Alibaba’s share listed in Hong Kong rose 5% with the news of its appearance.
In a video posted on Chinese social media, Ma addressed rural teachers as part of the initiatives of his charity. The Jack Ma Foundation celebrates the achievements of rural teachers who receive cash support, during the annual event, which is usually held in the resort town of Sanya.
“Jack Ma attended the online ceremony of the annual Rural Teacher Initiative event on January 20,” said a spokesman for the Jack Ma Foundation.
In October, Ma made some remarks that were critical of China’s financial regulator.
This was one of the reasons attributed to Chinese regulators pulling the plug on what would be an initial public offering from Ant Group, the founder of financial technology, which Ma founded.