Alibaba and Ant co-founder Jack Ma have emerged in public for the very first time since October. This is Jack ma’s first appearance since the China Communist Party started the crackdown on Jack Ma’s internet empire in China.
Jack Ma appeared in a video conference with 100 village teachers on Wednesday morning, saying: after COVID-19, we’ll meet each other again as reported by Chinese State media.
Ma, who used to be an English teacher and founder of #Alibaba, also gives wishes to village teachers via a video on Wednesday, saying usually the activity is held in Sanya in southern Hainan but this year, due to #Covid19 it has to be done via video conference. pic.twitter.com/yfi7oPB5Sb
— Qingqing_Chen (@qingqingparis) January 20, 2021
Notably, rumors are going around that China Communist Party (CPC) will soon nationalise Alibaba to break their monopoly on China’s internet sector. And all these rumors were sparked by the fact that Jack was nowhere to be found since last year.
Interestingly, Ma had delivered a speech on 24 October criticising China’s bureaucratic system, alleging that it stifled innovation and he equated banking regulations to an “old people’s club”. And since then, he disappeared from the public eye.
Ma has appeared when Alibaba Group Holding Ltd. is looking to raise as much as $8 billion selling dollar bonds, giving global investors a chance to bet on the Chinese e-commerce giant’s long-term prospects.
