Jack Ma: The Chinese tycoon has appeared in public for the first time since October on business news

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The Chinese tycoon Jack Ma appeared in public for the first time in almost three months – after speculation about his whereabouts after Beijing cracked down on his business empire.

The founder of e-commerce giant Alibaba was seen on video Wednesday in an online ceremony for an annual event for country teachers.

The 50-second video didn’t mention his Disappear.

The Alibaba Group logo will be displayed during the company's 11/11 singles. Global shopping festival by day at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020
Picture:
Alibaba is known for its annual Singles Day sales extravaganza

The last time he appeared in public on October 24, in a speech in Shanghai, he targeted China’s regulators and said they had an old-fashioned “pawnshop mentality” and hampered innovation.

In November authorities pulled the plug on plans for a record breaking £ 26 billion IPO for financial giant Ant Group, founded by Mr Ma, with two days to spare.

Last month, anti-monopoly regulators warned executives at Alibaba and five other tech giants not to use their dominance to block out new competitors.

More recently, Mr. Ma was replaced on the final episode of a reality TV show where he was a judge.

The events had sparked online speculation about whether the ruling communist regime was setting an example for the 56-year-old tycoon.

Hong Kong-listed Alibaba shares – known for its annual Singles day Sales Extravaganza – Up 8.5% after Mr. Ma reappeared.

Jack Ma tweets.
He is the co-founder and former CEO of the Alibaba Group
Picture:
Jack Ma was seen talking to teachers on a 50-second video

The tycoon had previously appeared publicly many times to speak at conferences and other events, albeit because of the Coronavirus Pandemic.

Alibaba and Mr. Ma’s charitable foundation both confirmed that the businessman, a former English teacher, attended the event on Wednesday.

The video also contained footage from 10 days ago of meeting staff at a school in Hangzhou.

The topic of “Jack Ma making his first public appearance” and his video address to teachers have become increasingly popular on Chinese social media.

Mr. Ma has resigned from corporate positions at Alibaba and Ant Group, but retains significant influence over the companies.

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