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Alibaba shares jump 8% as Jack Ma surfaces after 3 months


Jack Ma is back. Well, not in an Arnie-in-terminator way, but the Alibaba co-founder, who was believed to have gone missing for several weeks until recently, made a video appearance in an educational event where he addressed teachers working in rural China. The ecommerce company’s shares jumped by more than 8% on the Hong Kong stock exchange on the back of Ma’s first sighting in three months. Ant Group, Alibaba’s affiliate company, confirmed the video’s authenticity to Bloomberg and TechCrunch. At the time of writing, the company’s share prices were HKD265.0 ($34.19). Ma, who used to be an English teacher and founder…

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