January 29, 2023


The Joy Of Businnes

Alibaba stock rises 8% in Hong Kong as Jack Ma gives up control of sister firm Ant Group

China International Import Expo (CIIE) - Day One

Lintao Zhang

Alibaba (NYSE:BABA) rose some 8% Monday in Hong Kong immediately after founder Jack Ma ceded control of sister enterprise Ant Team, whose planned 2020 IPO fell apart when Ma’s criticism of Chinese regulators received both of those corporations in scorching h2o.