Shares of ant-related companies rise after news of Jack Ma's relinquishment of control;  Ali Baba jumps

Shares of ant-related companies rise after news of Jack Ma’s relinquishment of control; Ali Baba jumps

(Reuters) – Shares of listed Chinese companies, which count Ant Group as a major shareholder, rose on Monday after it was announced that Ant founder Jack Ma would relinquish control of the financial technology giant after an overhaul. Hong Kong-listed shares of Alibaba (9988.HK) jumped 7%. Shares of Longshine Technology Group Co Ltd (300682.SZ), Jilin …

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