Jack Ma's video clip prompts $77b sigh of relief for Alibaba

A video clip of Alibaba Group co-founder Jack Ma addressing teachers at an event he hosted to recognise rural educators on Wednesday. PHOTO: BLOOMBERG
A video clip of Alibaba Group co-founder Jack Ma addressing teachers at an event he hosted to recognise rural educators on Wednesday. PHOTO: BLOOMBERG

HONG KONG • He appeared for less than a minute and said nothing about the Chinese government clampdown that had left his business empire in crisis.

But for investors who had been waiting months to catch a glimpse of Mr Jack Ma, the entrepreneur's participation in a live-streamed videoconference on Wednesday was enough to trigger a US$58 billion (S$76.7 billion) sigh of relief.

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A version of this article appeared in the print edition of The Straits Times on January 22, 2021, with the headline 'Jack Ma's video clip prompts $77b sigh of relief for Alibaba'. Subscribe