- Alibaba shares rose 9% following news that Jack Ma was ceding control of Ant Group.
- This news came amid a broad rally of Asian shares.
- The move follows China’s crackdown on tech companies.
Alibaba shares reach 6-month high after Jack Ma relinquishes control of Ant Group

- Alibaba shares rose 9% following news that Jack Ma was ceding control of Ant Group.
- This news came amid a broad rally of Asian shares.
- The move follows China’s crackdown on tech companies.
[Via]