Alibaba’s Hong Kong-listed shares surged greater than 9% on Wednesday after the video was revealed. The good points put the inventory on tempo for its finest day since final July, serving to to erase a few of the losses which have piled up since Ant Group’s IPO was pulled. The inventory additionally powered a broader rally in Chinese tech shares that commerce in Hong Kong.
Reached for remark Wednesday, Alibaba referred CNN Business to a press release launched by the Jack Ma Foundation, his philanthropic group. The basis stated that Ma participated in an on-line award ceremony Wednesday for lecturers known as the Rural Teacher Initiative, which it created.
In the video, which Tianmu News stated was filmed Wednesday morning, Ma is proven telling lecturers that the standard in-person celebration for the educating initiative had been canceled due to Covid-19.
“We’ll meet again after the epidemic is over,” Ma stated in the video. It additionally confirmed footage of Ma that it stated was taken throughout a go to to an elementary college in Hangzhou earlier this month.
The occasion in Shanghai the place Ma made these remarks was the final time he was seen in public earlier than Wednesday — a notable absence for a person who sometimes has no subject with the highlight.