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  • Ant-linked firms’ shares rise after news of Jack Ma ceding control; Alibaba jumps
    World Finance News

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

    January 10, 2023 /

    Jan 9 (Reuters) – Shares of detailed Chinese firms that depend Ant Team as a significant shareholder rose on Monday soon after bulletins that Ant founder Jack Ma is giving up manage of the fintech big adhering to an overhaul. Hong Kong-mentioned shares of Ma’s Alibaba (9988.HK) jumped 7{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5}. Shares of Longshine Technology Team Co Ltd (300682.SZ), Jilin Zhengyuan (003029.SZ), Shanghai Golden Bridge Infotech Co (603918.SS), Orbbec Inc (688322.SS) and Hundsun Technologies (600570.SS) also rose. Ant indirectly owns stakes ranging from much more than 20{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} to slightly far more than 5{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} in people companies. Ant claimed above the weekend that founder Jack Ma will give up command of the organization.…

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    Reynaldo Jackson Comments Off on Ant-linked firms’ shares rise after news of Jack Ma ceding control; Alibaba jumps

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