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Alibaba shares hit 6-month high after Jack Ma cedes control of Ant Group, amid a broad rally in Asian shares
2 monthes ago | By Business Insider
, Alibaba shares surged after news emerged founder Jack Ma was ceding control of affiliate fintech firm Ant Group. Future Publishing/Getty Images
Alibaba shares rose 9% after news emerged founder Jack Ma was ceding control of affiliate fintech firm Ant Group.
The gains also come on the back of a broader market rally in Asian shares, thanks to China's reopening.
A top Chinese central banker suggested over the weekend Beijing's tech crackdown is coming to a close.
Shares of Alibaba surged to a six-month high on Monday, joining a broad-based rally in Asia after China reopened its...
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