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Jack Ma makes rare appearance at Ant Group event

Jack Ma, the founder of Alibaba Group, made a rare public appearance at Ant Group’s 20th-anniversary event on Sunday.

He expressed optimism about the company’s future, citing expectations for “more miracles” over the next 20 years, according to reports from Chinese media and event attendees.

This event marked Ma’s first appearance at an Ant Group gathering since the company paused its major IPO plans in Hong Kong and Shanghai in November 2020.

Following regulatory concerns, Ma stepped back from Ant, pledging to relinquish control early last year.

In brief comments, Ma praised the company’s achievements and discussed technological evolution.

Recent Ant Group developments

Timeline
08-Dec-2024 📈 Ant Group’s CFO Cyril Han to become CEO
  • Cyril Han named CEO of Ant Group from Mar 2025
  • Current CFO will report to Eric Jing and the board
16-Nov-2024 📈 Ant Group sees profit surge 193% in Q2
  • Ant Group reports $1B quarterly profit surge
  • Company restructures, plans blockchain treasury platform
20-Sep-2024 💰 Ant Group raises $6.5b refinancing for HK, SG units
  • Ant Group raises $6.5 billion for refinancing
  • Includes $5B for Alipay and $1.5B for subsidiary
05-Aug-2024 📈 Ant Group’s 2C2P slashes 2023 losses by 93%
  • 2C2P partners with Pine Labs for BNPL expansion
  • Revenue up 5% in 2023; losses down by 93%
25-Mar-2024 💰 Ant Group pumps $148m into SG digibank unit Anext Bank

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