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China tech

Alibaba shares jump as Jack Ma resurfaces after 3-month absence

Tech billionaire speaks by video to Chinese rural teachers

In what appeared to be a livestream, Jack Ma expressed regret that a teacher awards ceremony he usually attends was being held online due to COVID-19. (Screenshot from Tianmu News)

HONG KONG -- Jack Ma, founder of Chinese e-commerce leader Alibaba Group Holding, surfaced on Wednesday in his first public appearance since a speech in October that led to the suspension of a huge initial public offering for Ant Group, its financial services affiliate.

Alibaba's Hong Kong-listed shares jumped as much as 10.6% during afternoon trading after the video's midday release. The stock closed up 8.5% at HK$265 while other group companies and Chinese tech shares posted strong gains.

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