HomeBusiness & MoneyAlibaba Stock Surges After Jack Ma Gives Up Control of Ant Group
Business & Money

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

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By MK
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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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