Authorization

Alibaba jumps 7% after billionaire Jack Ma appeared in a 50-second videoclip after weeks of laying low

Alibaba jumps 7% after billionaire Jack Ma appeared in a 50-second videoclip after weeks of laying low


@globaltimesnews/Twitter



Alibaba rose 7% after Jack Ma resurfaced in a videoconference on Wednesday after weeks of laying low.



The billionaire founder could be seen addressing 100 rural teachers across China.



Ma seemed to embrace themes promoted by the ruling Communist Party, according to Bloomberg.



Sign up here our daily newsletter, 10 Things Before the Opening Bell.

Alibaba shares jumped 7% in pre-market trading as founder Jack Ma resurfaced in a 50-second video clip on Wednesday after he was suspected missing for weeks.Ma's live-streamed video sent Alibaba's Hong Kong shares up by as much as 8.5%. In the video, he can be seen addressing 100 rural teachers as part of a ceremony that recognizes exceptional educators in impoverished areas."Recently, my colleagues and I have been studying and thinking. We made a firmer resolution to devote ourselves to education philanthropy," Ma said in the clip, according to Bloomberg. "Working hard for rural revitalization and common prosperity is the responsibility for our generation of businessmen."The billionaire, who is a former English teacher, seemed to embrace themes promoted by China's Communist Party, Bloomberg said. He spoke about shrinking income disparities through a return of younger talent to rural areas.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Февраль 2021    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728