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Zero Edge

Alibaba Jumps On Report China Plans To End Ant Group’s Crackdown With Billion Dollar Fine

July 7, 2023 Mariel Alumit

Update (0809ET): Ant Group has been slapped with a 7.12 billion yuan fine from the People’s Bank of China. * * * Shares of Alibaba Group were higher in the premarket US session after Reuters […]

Zero Edge

Alibaba Shares Jump As China Regulators Grant Ant $1.5 Billion Capital Plan

January 4, 2023 Mariel Alumit

US-listed shares of e-commerce giant Alibaba Group Holding Ltd. jumped in premarket trading after Jack Ma’s Ant Group Co.’s plan to raise 10.5 billion yuan ($1.5 billion) for its consumer unit was approved by Chinese […]

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