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Jack Ma IS Back? Chinese Billionaire Makes First Public Appearance Months After Going Missing

According to the Chinese newspaper Global Times, Alibaba founder Jack Ma attended the Rural Teachers Award ceremony, which was launched in 2015.

 

Shanghai| Jack Ma, the owner of Alibaba Group, one of the richest businessmen in China who has been missing for the past two months, has made a public appearance. Jack Ma has been missing since the Chinese grip on the Alibaba group, following speculation that the Chinese government has detained him. But on Wednesday, January 20, he appeared virtually for the first time during a social welfare program for rural teachers through a video link. Jack Ma has appeared in public for the first time since the Chinese regulator tightened its grip on Alibaba and the Ant Group.

According to the Chinese newspaper Global Times, Alibaba founder Jack Ma attended the Rural Teachers Award ceremony, which was launched in 2015 by the Jack Ma Foundation. Through video, in this annual event, he met with 100 rural teachers from all over the country (China) and during the virtual dialogue he said that we will meet again when the coronavirus epidemic is over.

Indeed, a summons was issued to Ant Management on November 2 by Chinese financial regulators just before the planned double listing of Ant in Shanghai and Hong Kong. In November last year, Chinese authorities suspended Jack Ma’s Ant Group’s $37 billion IPO, dealing a major blow to Jack. According to media reports, after the action, Jack Ma was told not to leave China until the ongoing investigation against the Alibaba Group was completed. Jack Ma has been missing from the public eye ever since.

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