China. Jack Ma, founder of Alibaba, missing, reappears in the video


The Chinese billionaire Jack Ma, who was in the search engine of the authorities, reappeared on Wednesday after two and a half months of silence at the source of many questions through an intermediary video.

The founder of online trading juggernaut Alibaba disappeared from the radar after publicly criticizing financial regulators in late October. This unusual surge in the direction of the communist regime had earned him a subpoena from the authorities that also extremely banned the giant IPO of Ant Group, Alibabas online payments subsidiary, in the Shanghai and Hong Kong markets.

Talk to teachers remotely in a video

In a video that went online on Wednesday, the businessman with a fortune of 48 billion euros appeared to be addressing teachers from a distance as part of his sponsorship activities.

In his online intervention, Jack Ma praised the communist regimes efforts to eradicate extreme poverty, President Xi Jinpings flagship project. He said he was 'more determined than ever to help education and the common good,' according to the Tianmu News news site.

'China (...) has entered a new phase of development and is making progress on the way to mutual prosperity,' said the billionaire, who is considered to be one of the countrys greatest assets. The Jack Ma Foundation, which is committed to helping education, confirmed that its founder, himself a former English teacher, attended the online event with teachers from rural areas.

That appearance immediately calmed the Hong Kong Stock Exchange, on which Alibaba shares rose 8.52{7d3485657e94c2a51293ca186d4450b2f27c317aa7ee3509dac6c8bbf5461118} during the session to end at HK $ 265.