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Jack Ma`s 50-second video reappearance pushes Alibaba shares higher

Shortpedia

Content Team
Image Credit: shortpedia

Jack Ma's 50-second video reappearance may have buoyed Alibaba Group`s shares, yet it has done little to resolve company's troubled relationship with regulators that is making some investors hesitate about owning its stock. The company`s ADRs rose more than 5% on Wednesday, following a 8.5% gain in its Hong Kong-listed shares, after founder Ma made his first public appearance since October on Wednesday.