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Alibaba Stock Surges After Jack Ma Gives Up Control of Ant Group

by tradingfxdaily

January 9, 2023

in Business

Alibaba Stock Surges After Jack Ma Gives Up Control of Ant Group

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Alibaba

climbed on Monday on the news that its co-founder Jack Ma is giving up control of Chinese financial-technology company Ant Group.

Alibaba

(ticker: BABA) shares in Hong Kong were up nearly 9%.

Alibaba

owns a roughly 33% stake in Ant Group.

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WSJ News ExclusiveDealsThe smaller rival, Life Storage, rebuffed the company’s overtures in December and January Source link

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Alibaba Stock Surges After Jack Ma Gives Up Control of Ant Group

Public Storage Bids for Rival in Unsolicited $11 Billion Offer

Dow Jones Futures Fall: Stock Market Rally Signals It’s No Bear Run; What To Do Now

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