![]() ![]() The finalisation of Ant's penalty is seen as paving the way for the firm to secure a financial holding company licence, lift its growth rate and eventually revive its plans for a stock market listing. On eToro, you can buy 9988.HK or other stocks and pay ZERO commission Follow Alibaba Group Holding Ltd (Hong Kong) share price and get more information. Alibaba Investor Relations site contains information about Alibaba Corporation. Stable Share Price: 9988 is less volatile than 75 of Hong Kong stocks over the past 3 months, typically moving +/- 4 a week. ![]() It peaked at 317 per share, fell to a low of 58 a few months ago, and recovered to 120 early this year. Online retail giant Alibaba – which spun off Ant 11 years ago and has a 33 percent stake – said on Sunday it was considering whether to participate in the buyback.Īlibaba's share price rise outpaced a two-percent gain in Hong Kong's Hang Seng Index in early trading on Monday.Īlibaba's US-listed shares rose eight percent on Friday after the penalty, one of the largest-ever fines for an internet company in China, was delivered.Īnt and its subsidiaries had violated laws and regulations in areas including corporate governance, financial consumer protection, payment and settlement business, as well as anti-money laundering obligations, the People's Bank of China said. Alibabas ( BABA 0.06) stock has been volatile. On Saturday, Ant Group announced a share buyback that values the company at US$78.54 billion, well below the US$315 billion touted in an abandoned IPO in 2020, but providing liquidity to investors. SHANGHAI, Nov 14 (Reuters) - Chinas securities watchdog has asked Cainiao, the logistics arm of Alibaba Group (9988. Alibaba stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol BABA and the Hong Kong Stock Exchange (SEHK) under the ticker 9988. Hong Kong shares of Alibaba Group opened 5.5 percent higher on Monday after China fined its affiliate, Ant Group, US$984 million for violating laws and regulations. ![]()
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