Alibaba’s shares surge as Jack Ma reappears

BEIJING (AFP) – Shares in Internet giant Alibaba soared more than eight per cent yesterday after billionaire founder Jack Ma made his first public appearance since November, ending weeks of speculation about his whereabouts after the company took a kicking from Chinese regulators.

Ma – one of Asia’s richest people with a fortune estimated at around USD58 billion – disappeared from the public eye after he was hauled in front of regulators for an October speech critical of China’s financial system.

More details on Thursday’s Borneo Bulletin