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Jack Ma's participation in video conference triggers $58 bn sigh of relief

That's how much Alibaba Group Holding Ltd.'s market value soared after a clip of Ma speaking to a group of teachers began circulating online -- his first public comments since disappearing from view

Jack Ma
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Jack Ma

Bloomberg | Lulu Yilun Chen, Coco Liu and Abhishek Vishnoi
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’d been waiting months to catch a glimpse of Jack Ma, the entrepreneur’s participation in a live-streamed video conference on Wednesday was enough to trigger a $58 billion sigh of relief. That’s how much Alibaba Group Holding Ltd.’s market value soared after a clip of Ma speaking to a group of teachers began circulating online -- his first public comments since disappearing from view late last year.