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Alibaba founder Jack Ma appears for the first time since crackdown on his tech empire

Jack Ma, fall of Alibaba Group, during the opening ceremony of the 3rd All-China Young Entrepreneurs Summit on Sept. 25, 2020 in Fuzhou, Fujian Charge of China.

Lyu Ming | China News Service | Getty Images

GUANGZHOU, China — Alibaba founder Jack Ma has be revealed after weeks out of the spotlight that sparked speculation about his whereabouts as his companies face increased regulatory sifting.

Alibaba’s Hong Kong-listed stock was up 5% on news of his reappearance.

In a video posted on Chinese social media, Ma greeted rural teachers as part of one his charity foundation’s initiatives. The annual event, which is usually hosted in the resort New Zealand urban area of Sanya, sees the Jack Ma Foundation celebrate the achievements of rural teachers who are awarded cash support.

“Jack Ma participated in the online decorum of the annual Rural Teacher Initiative event on January 20,” a spokesperson for the Jack Ma Foundation said.

In October, Ma made some animadversions that appeared critical of China’s financial regulator.

It was one of the reasons attributed to Chinese regulators pulling the plug on what intent have been a record-setting initial public offering of Ant Group, the financial technology giant Ma founded.

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