Alibaba stock set to open up 5.5% amid hopes regulatory crackdown is ending
By
Reuters API
Reuters API
Hong Kong shares of Alibaba
Alibaba’s stock was set to open at HK$88.95.
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On Saturday, Ant Group announced a share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020.
