Ant, Jack Ma Emerge for the First Time After Alibaba Crackdown

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Jack Ma has resurfaced from public view after months that sparked intense speculation about the billionaire’s plight that he is investigating his Internet empire.

China’s most recognizable entrepreneur addressed teachers via livestream on Wednesday during an annual event to identify rural teachers, according to people familiar with the talk. In a video of the program being broadcast online, Ma discussed how he would spend more time on philanthropy. The co-founders of Alibaba and Ant did not mention their recent run-in with Beijing during their address, which was first reported in a local blog. Ant confirmed the authenticity of the video in an email.

Alibaba shares rose more than 4% in Hong Kong. While it is still unclear where Ma is, his emergence in a public forum could help with persistent rumors about his fate while Beijing follows an investigation into the online finance titan Ant Group Co. and The Alibaba Group Holding Limited executive has been out of public view since the beginning of November, when Chinese regulators targeted Ant’s $ 35 billion IPO, tightened fintech rules, then ordered an overhaul of Ant and one in Alibaba Launched separate antitrust investigations – all in a period of days.

“Recently, my colleagues and I have been studying and thinking. We made a determination to dedicate ourselves to education philanthropy, ”Ma said in the video. “Working hard for rural revival and common prosperity is the responsibility of our generation of businessmen.”

Read more: Jack Ma calms down after Ant Group’s great performance


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