3Month

Alibaba Shares Rally As Jack Ma Resurfaces After 3-Month Absence

Alibaba’s US-traded ADRs are rising in premarket trade on Wednesday after co-founder and chairman Jack Ma, one of the richest men in China, finally resurfaced after months of radio silence that sparked speculation about whether he had been “detained” by CCP authorities. ADRs were up 7.7% to $271 at 0411ET, while Alibaba‚Äôs Hong Kong-traded shares…