Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control

📆 9/1/2023 1:05 PM

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Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday, after announcing that Ant founder Jack Ma is no longer their controller following an overhaul at the fintech giant.

📆 9/1/2023 1:05 PM
📰 Reuters

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He lost his fight. With the Chinese government.

We are Reuters. We rejoice in the elimination of the free market in China and celebrate the fall of entrepreneurs to the CCP. Stocks rise 🎉

Eject Allibaba From buorse

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