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Jack Ma's Alibaba climbs after the the billionaire gives up control of Ant Group
2 monthes ago | By Business Insider
Jack Ma Shu Zhang/Reuters
Hong Kong-listed shares of Alibaba climbed 8.7% Monday, marking its sixth trading session of gains.
The rally comes as billionaire Jack Ma gives up control of Ant Group, the fintech business empire he built decades prior.
Ant saw its $37 billion IPO canceled at the last minute in November 2020.
Shares of Chinese e-commerce giant Alibaba jumped on Monday after cofounder Jack Ma gave up control of his fintech business Ant Group. Hong Kong-listed shares climbed 8.7%, marking Alibaba's sixth consecutive trading session of gains. On the New York Stock Exchange...
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