In the video, which Tianmu News says was shot Wednesday morning, Ma is shown speaking to dozens of teachers in rural China for an award ceremony that coincides with the Chinese holiday the Laba Festival. Ma, a former English teacher, has made education a major priority for his foundation — and he has increased his philanthropic efforts in recent years after retiring from Alibaba.
“We’ll meet again after the epidemic is over,” Ma said in the video, telling the teachers that the traditional in-person celebration for the ceremony has been canceled because of Covid-19.
The video posted by Tianmu News also shows footage of Ma visiting an elementary school in Hangzhou city earlier this month.
Alibaba’s Hong Kong-listed shares surged 6% after the video was published.
This is a developing story and will be updated.