Alibaba shares jump after founder Jack Ma re-emerges with praise of Chinese giant's 'transformations'

Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba then announced a huge reorganization of its business. Experts see the move as a signal that the Chinese government is softening its stance toward tech giants after a crackdown that began in late 2020."Over the past year, amid external and internal doubt and pressures, I have witnessed the birth of a strong and courageous Alibaba team," Ma wrote in an internal memo to employees, a translated version of w ...