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Tuesday, April 16, 2024

Alibaba shares hit 6-month high after Jack Ma cedes control of Ant Group, amid a broad rally in Asian shares

Shares of Alibaba surged to a six-month high on Monday, joining a broad-based rally in Asia after China reopened its international borders, signaling the country’s back in business. Shares of tech giant Alibaba led the gains — leaping 9% to a six-month high, before closing 8.7% higher, after news …

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