Alibaba stock rises 8% in Hong Kong as Jack Ma gives up control of sister firm Ant Group
3 minute readPublished: Monday, January 9, 2023 at 3:48 am
Alibaba (NYSE:BABA) rose more than 8% Monday in Hong Kong after founder Jack Ma ceded control of sister company Ant Group, whose planned 2020 IPO fell apart when Mas criticism of Chinese regulators