Shares Of Ant-linked Firms Rise, Alibaba Jumps
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2023-01-09 HKT 11:05
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Shares of listed mainland companies that count Ant Group as a major shareholder rose on Monday, after announcing that Ant founder Jack Ma is no longer their controller following an overhaul at the fintech giant.
Hong Kong-listed shares of Ma's Alibaba jumped more than five percent.
Shares of Longshine Technology Group, Jilin Zhengyuan, Shanghai Golden Bridge Infotech, Orbbec and Hundsun Technologies, in which Ant owns a more than five percent stake, also rose.
Ant said over the weekend that founder Jack Ma will give up control of the company. (Reuters)
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