Firms linked to Ant Group saw their stocks rise on Monday after news over the weekend that founder Jack Ma would relinquish control of the Alibaba affiliate once known as Alipay.
These jumps may seem like a paradox, as Ma’s near disappearance from public view is not exactly encouraging for Chinese entrepreneurs or foreign investors.
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However, as we have explored recently in a different context (Coinbase’s post-settlement stock bump), markets hate
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