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Published 1 year ago

Ant-linked firms' shares rise after news of Jack Ma ceding control; Alibaba jumps

Summary by Ground News
Alibaba (BABA) rose more than 8% Monday in Hong Kong after founder Jack Ma ceded control of sister company Ant Group. Ant announced over the weekend that Ma would no longer control 34% of two holding companies that had collectively owned 53.46% of the company. That essentially means Ma will only own about 6% of Ant.

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Times of IndiaTimes of India

Shares of Ant-linked firms rise after news of Jack Ma ceding control; Alibaba jumps

While some analysts have said a relinquishing of control could clear the way for the company to revive its initial public offering (IPO), the controller changes announced on Saturday, however, are likely to result in a further delay due to listing regulations.

1 year ago·India
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ReutersReuters

Ant-linked firms' shares rise after news of Jack Ma ceding control; Alibaba jumps

Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant founder Jack Ma is giving up control of the fintech giant following an overhaul.

1 year ago·United Kingdom
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Channel News AsiaChannel News Asia

Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control

SHANGHAI: Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday (Jan 9), after announcing that Ant founder Jack Ma is no longer their

1 year ago·Singapore
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BenzingaBenzinga

Alibaba Stock Surges 7% In Hong Kong After Jack Ma-Ant Report - Alibaba Group Holding (NYSE:BABA)

Shares of Alibaba Group Holding Ltd (NYSE: BABA) rose over 7% in morning trade in Hong Kong in the wake of the news regarding billionaire 

1 year ago·New York, United States
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Financial PostFinancial Post

Ant-linked firms' shares rise after news of Jack Ma ceding control; Alibaba jumps

Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant founder Jack Ma is giving up control of the fintech giant following an overhaul.

1 year ago·Canada
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OANOAN

Ant-linked firms' shares rise after news of Jack Ma ceding control; Alibaba jumps

(Reuters) -Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant founder Jack Ma is giving up control of the fintech giant following an overhaul.

1 year ago·San Diego, United States
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