Alibaba’s Hong Kong Shares jump Nearly 15% on Six-Way Split Plans0

• Uncategorized
• March 29, 2023

Alibaba Group’s Hong Kong shares rose sharply on Wednesday, tracking an overnight jump in its American stock after the e-commerce giant said it plans to split into six units, with potential fundraising and listings for most of them. The stock (HK:9988) rose 13.5% to an over one-month high of HK$95.55 shortly after the open, and