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Jack Ma makes first public appearance since Ant’s cancelled IPO

Chinese billionaire’s re-emergence after 3-month absence sends Alibaba shares sharply higher

Jack Ma has resurfaced in a video praising China’s teachers, marking the first time the billionaire has been seen in public since Ant Group’s planned $37bn initial public offering was halted nearly three months ago.

The Chinese tech entrepreneur and founder of ecommerce group Alibaba dropped out of public view after criticising the country’s regulators and state-owned banks in late October, prompting speculation over his whereabouts.

In the wake of the speech, Mr Ma was dressed down by officials in Beijing and regulators halted the IPO of Ant, the payments group he controls, which was set to be the largest.

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