Alibaba shares rise on report China probe of Ant will end with fine

A long running regulatory crackdown on Alibaba's financial arm Ant Group may soon come to an end, a report said Friday. Shares of Alibaba are rising.

U.S.-listed shares of Alibaba Group Holding Ltd. climbed ahead of Friday’s market open after a report that a long-running investigation into Ant Group will end with a penalty of at least 8 billion yuan .

That... U.S.-listed shares of Alibaba Group Holding Ltd. climbed ahead of Friday’s market open after a report that a long-running investigation into Ant Group will end with a penalty of at least 8 billion yuan .

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