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What's Going On With Alibaba Stock Tuesday? - Alibaba Gr Holding (NYSE:BABA)

Alibaba Group Holding Limited (NYSE: BABA) stock which has gained 5% YTD, is trading lower Tuesday as it remains engaged in its organizational overhaul to unlock shareholder value. ....

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ant share repurchase plan: Ant's share repurchase plan values firm at nearly $79 billion

Ant s major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily decided not to participate in the repurchase, the company added. ....

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Ant Group to become financial holding firm under China's central bank agreement

The Globe and Mail
Raymond Zhong
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China’s fast-moving campaign to curb the power of internet giants has hit its latest mark: Ant Group, the fintech sister company of the e-commerce behemoth Alibaba Group.
Ant announced on Monday that it would undertake a sweeping, government-ordered overhaul of its business to allay regulators’ concerns about the way it competes with rivals, its large-scale collection of user data and the risks its business may pose to the wider financial system.
Beijing has made the corporate empire of Jack Ma, Alibaba’s billionaire co-founder and Ant’s controlling shareholder, an early major target as it dials up its scrutiny of Big Tech. Chinese officials forced Ant to call off its blockbuster initial public offering last November, mere days before its shares had been expected to debut. On Saturday, China’s antitrust authority fined Alibaba US$2.8-billion for abusing its dominance in digital retail – a record penalty f ....

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Ant Group gives in to regulators' pressure; to restructure as financial holding company

The overhaul comes two days after e-commerce giant Alibaba Group Holding Ltd, of which Ant is an affiliate, was hit with a $2.75 billion antitrust penalty as China tightens controls on the ....

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