Billionaire Jack Ma Emerges for First Time Since Ant and Alibaba Crackdown

Billionaire Jack Ma Emerges For The First Time Since Ant, Alibaba Crackdown.

Jack Ma has resurfaced after months out of public view that fueled intense speculation about the plight of the billionaire grappling with escalating scrutiny over his internet empire.

China’s most recognizable entrepreneur addressed teachers via Livestream on Wednesday during an annual event he hosts to recognize rural educators, according to reports. In a video of the event circulated online, Ma talked about how he’ll spend more time on philanthropy.

The co-founder of Alibaba and Ant didn’t mention his recent run-ins with Beijing during his address, which was first reported in a local blog. Ant confirmed the authenticity of the video in an email.

Ma’s standing with Beijing remains unclear. As of early December, the man most closely identified with the meteoric rise of China Inc. was advised by the government to stay in the country. The debate about his whereabouts arose because Beijing has in the past quietly detained billionaires that have run afoul of the law, without immediate trial.

Jack Ma, or Ma Yun, is a Chinese business magnate, investor and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy.

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