Shares of Alibaba Group were up after the company put forth its plan to break down its empire into six individual companies and announced their listing plans. Alibaba’s Hong Kong-listed shares closed up 14.6% at HK$94.55 (US$12) on Wednesday. Other internet stocks also surged as Meituan grew 4% at HK$140 while Tencent rose 1.53% at […]
