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Alibaba shares jump after founder Jack Ma reemerges with praise of Chinese giant’s ‘transformations’
In the past year, Alibaba underwent a historic reorganization and sweeping management changes in a bid to return the Chinese technology giant to growth.
Alibaba founder Jack Ma on Wednesday praised the company's reorganization and change over its tumultuous past year, marking the billionaire's second major public statement to employees in just a few months. Ma all but disappeared from public life at the end of 2020, after Chinese regulators pulled the plug on the massive listing of the founder's financial affiliate Ant Group, sparking a crackdown on his empire. Ma all but disappeared from public life at the end of 2020, after Chinese regulators pulled the plug on the massive listing of the founder's financial affiliate Ant Group, sparking a crackdown on his empire.
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