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Alibaba shares in Hong Kong soar as Jack Ma reappears; Asia-Pacific stocks mostly higher https://t.co/Nro6ZTrUug

— Marius Ghisea (@mariusghisea) January 20, 2021

PUBLISHED TUE, JAN 19 20216:49 PM ESTUPDATED WED, JAN 20 20213:40 AM EST

Eustance Huang@EUSTANCEHUANG

• Hong Kong-listed shares of Chinese tech juggernaut Alibaba surged following the reappearance of founder Jack Ma for the first time after weeks out of the spotlight as his companies face increased regulatory scrutiny.

https://www.cnbc.com/2021/01/19/asia-markets-china-loan-prime-rates-coronavirus-currencies.html?__source=sharebar|twitter&par=sharebar

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Alibaba shares in Hong Kong soar as Jack Ma reappears; Asia-Pacific stocks mixed https://t.co/8geLAjmkll

— Asia Insider (@AsiaInsiders) January 20, 2021

Stocks in major Asia-Pacific markets were mixed on Wednesday, with Hong Kong-listed shares of Chinese tech juggernaut Alibaba surging following the reappearance of founder Jack Ma.

Shares of Alibaba listed in the city surged more than 5% in afternoon trade after Ma appeared in a video posted on Chinese social media addressing rural teachers as part of one of his charity foundation’s initiatives. It was his first appearance following weeks out of the spotlight as his companies face increased regulatory scrutiny.

Shares of other Chinese tech firms listed in Hong Kong also saw strong gains, with Tencent up 3.13% while Meituan soared more than 6%. The broader Hang Seng Tech index gained 3.64%.

Hong Kong’s benchmark Hang Seng index advanced 0.48%

Alibaba shares in Hong Kong soar as Jack Ma reappears; Asia-Pacific stocks mixed

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https://www.bloomberg.com/news/articles/2021-01-20/some-63-billion-richer-alibaba-investors-react-to-ma-s-video