Jack Ma`s brief video chat prompts $76.8 billion sigh of relief for Alibaba
(WorldNews Business)

HONG KONG (BLOOMBERG) - 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 (Jan 20) was enough to trigger a US$58 billion (S$76.8 billion) sigh of relief. That`s how much Alibaba Group Holding`s market value soared after a clip of Mr Ma speaking to a group of teachers began circulating online - his first public comments since disappearing from view late last year. Much about the future of China`s most famous businessman remains unclear. Yet analysts said...