30 Second Updates – Alibaba (NYSE: BABA)

10/06 (Fri) Closing Price: $109.84

• The Chinese government has given preliminary approval to Ant Group to resume its initial public offering, and sources from Reuters reported that the group had planned to submit a preliminary prospectus in Shanghai and Hong Kong as soon as next month.
• The Ant Group later said in a statement that it is currently focusing on the implementation of rectification work under the guidance of regulatory authorities and has no plans to offer shares.