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3:50 PM MYT
Jack Ma, the founder of Alibaba, makes his first public appearance after nearly three months of being out of public view. Ma told teachers that he has been ‘learning and thinking’, according to a report published by an official local news service. SCMP
Jack Ma, the founder of Alibaba Group, delivered a video speech to over 100 rural Chinese teachers on Wednesday morning, marking his first public appearance in nearly three months after his controversial speech at a Shanghai financial forum on Oct 24.
According to a report by the
Tianmu News, a news service run by the official Zhejiang Daily Group, Ma said in the video remarks that he has been “learning and thinking” and he concluded that Chinese entrepreneurs must serve the country’s visions of “rural revitalisation and common prosperity”.
Alibaba stock spikes after Jack Ma resurfaces © Wang He/Getty Images, File Founder of Alibaba Group Jack Ma presents at the Ma Yun Rural Teachers and Headmasters Prize awards show on Jan. 6th, 2020 in Sanya, China. After rumors and speculation swirled that Jack Ma was allegedly missing, the Alibaba founder and Chinese billionaire has resurfaced in an online video. After Ma s reappearance video was shared online Wednesday, Alibaba stock soared by more than 7%. It had pulled back a bit by Thursday morning but was still up more than 4%.MORE: Yellen urges lawmakers to act big with pandemic relief during confirmation hearing
Joe Biden, Alibaba s Jack Ma, Netflix, Procter & Gamble - 5 Things You Must Know Wednesday TheStreet 1/20/2021 Joseph Woelfel
Here are five things you must know for Wednesday, Jan. 20:
1. Stock Futures Rise Ahead of Joe Biden s Inauguration
Stock futures rose modestly Wednesday as investors anticipate that an administration under Joe Biden, who will be sworn in Wednesday as the 46th president of the United States, will increase spending to boost economic growth.
Biden will be sworn in at 12 p.m. ET in Washington.
Contracts linked to the Dow Jones Industrial Average rose 91 points and S&P 500 futures gained 17 points. Nasdaq futures jumped 120 points following strong earnings from Netflix .
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