Shares jump after Jack Ma cedes control of Ant Group

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Alibaba shares grew 7 percent.

Shares jump after Jack Ma cedes control of Ant Group
Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant founder Jack Ma is giving up control of the fintech giant following an overhaul. Hong Kong-listed shares of Ma's Alibaba jumped 7 percent. Shares of Longshine Technology ...

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