On Wednesday, Mr. Ma participated in an online conference with rural teachers. His appearance ended all the negative speculations about his plight amid the intensifying scrutiny into his businesses by the Chinese government.
Jack Ma’s re-emergence provided peace of mind to investors
During the online conference, Mr. Ma said, “During this period of time, my colleagues and I have been studying and thinking, and we have become more determined to devote ourselves to education and public welfare. Working hard for rural revitalization and common prosperity is the responsibility of our generation of businessmen.”
“Jack Ma’s reappearance has given investors peace of mind after a lot of rumors, allowing them to pile into the stock which had been a laggard in the market, commented Steven Leung, the sales director of UOB Kay Hian in Hong Kong.
On the other hand, Dan Kern, the chief investment officer of TFC Financial Management in Boston said, “It was good to see that Jack Ma has resurfaced – my assumption was that he decided (with some encouragement) to take a temporarily lower profile after making comments that annoyed the government. TFC Financial has stock holdings in Alibaba
