Alibaba Shares up 2% as Beijing Orders Ant Group to Revamp
Alibaba shares in Hong Kong climbed 4% at the stock market’s open on Tuesday. This came after regulators ordered the Ant Group to revamp its business. The Ant Group is Alibaba’s financial technology affiliate. That, along with an 18.23 billion yuan ($2.78 billion) fine, removed investors’ source of uncertainty. The e-commerce company received the fine …
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