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Benzinga
Benzinga
World
Navdeep Yadav

Alibaba Cracks After Jack Ma's Ant Group Denies IPO Plans

The shares of Alibaba Group Holdings (NYSE:BABA) cracked after its financial affiliate Ant Group refuted media reports claiming that Beijing had formed a team to reassess Ant's stalled initial public offering.

What Happened: Billionaire Jack Ma-controlled Ant Group in a statement that said that it currently has no plans for the IPO.

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