Alibaba shares rise on report China probe of Ant will end with fine

U.S.-listed shares of Alibaba Group Holding Ltd. climbed ahead of Friday’s market open after a report that a long-running investigation into Ant Group will end with a penalty of at least 8 billion yuan ($1.1 billion). After jumping in Hong Kong, Alibaba’s ADR BABA, 9988, rose 3% after Reuters…#antgroup #hongkong #alibaba #adrbaba #peoplesbankofchina #ant #jackma #marketwatch
Source: Reuters: Health - Category: Consumer Health News Source Type: news