Since Alibaba’s (9988-HK) (BABA-US) Ant Group’s IPO was delayed, founder Jack Ma has kept a low profile until today (20) when he made his first public appearance, attending the “Jack Ma rural Teacher Award Ceremony” held by the Jack Ma Foundation via video.
After the news of Jack Ma’s appearance, Alibaba’s share price rose sharply after the opening of the lunch session, and by 1:52 p.m., Alibaba rose 9.9% to HK$268.4.
The annual awards ceremony, usually held in Sanya, Hainan, was affected by the epidemic this year, and the event was held online, with Jack Ma arriving on time and speaking online.
In October last year, Jack Ma spoke to criticize China’s financial regulation, and was subsequently interviewed several times for rectification due to problems with Ant Group. Ma stopped appearing in public afterwards, leading to speculation, sources said, that he did not disappear, but just kept a low profile.
Last December, Chinese regulators launched an anti-monopoly investigation into Alibaba, and regulators continue to demand that Ant Group comply with regulatory requirements. China is now pushing for new rules on microlending, including new capital requirements for technology companies that provide loans.
Ma did not mention the recent progress of Ant Group when he attended the event, but mainly thanked the teachers who won awards within the ceremony, and said the foundation has heard many teachers’ stories across the country, and he thanked them for their dedication and contributions.
According to media reports, Ma said, “When the epidemic is over, we will see each other again.
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