Alibaba Stock Jumps After Jack Ma Resurfaces
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hollywoodreporter.comBeleaguered Chinese billionaire Jack Ma, whose recent absence from the spotlight had sparked fervent speculation about his whereabouts, made hisfirst public appearance in nearly three months on Wednesday.
The celebrity tech tycoon gave a live video address to a group of Chinese teachers who were receiving accolades during an educational event supported by his philanthropic group, the Jack Ma Foundation, Chinese state media reported.
Alibaba’s Hong Kong-listed stock jumped 8.5 percent in response to the news. The e-commerce giant's New York-listed shares also climbed 3.5 percent in after-hours trading.
Even the Hong Kong shares of Alibaba Picture Group, Ma's film studio, finished up 3 percent on Wednesday. The video remarks were Ma's first.
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