After Jack Ma’s holographic appearance at an AI conference, shares of this Chinese company soared

“At this year’s World Artificial Intelligence Conference (WAIC) in Shanghai, Alibaba Group Holding founder Jack Ma spoke on stage at the opening ceremony. But not in person – he appeared as a holographic projection at the event on July 9, which took place mostly online amid the coronavirus pandemic.
The global AR market is projected to grow nearly 70 per cent annually to reach 287 billion yuan (US$41 billion) by 2024, according to Qianzhan Industry Research Institute. Chinese tech giants including Tencent Holdings, SenseTime and Alibaba are among those developing products in the sector.”