Market Insight | Alibaba-W surges over 4% as it is officially included in the Stock Connect today, ANT GROUP to distribute dividends to all shareholders
Alibaba-W is now up more than 4%, as of the time of publication, up 4.28% to HKD 81.65, with a turnover of HKD 2.144 billion. In terms of news, Alibaba announced that the company's ordinary shares traded on the Hong Kong Stock Exchange have been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, effective September 10, 2024. After inclusion, qualified investors from mainland China will be able to directly trade Alibaba Group's ordinary shares. In addition, ANT GROUP recently held a shareholders' meeting and approved the company's profit distribution plan. According to the plan, ANT GROUP will distribute dividends to all shareholders, and employees holding equity incentive tools will also enjoy the corresponding economic benefits of dividends. The dividends will not affect future investments, as ANT will continue to reinvest in strategic areas such as AI
According to the information from Zhitong Finance APP, Alibaba-W (09988) is currently up more than 4%, as of the time of publication, up 4.28% to HKD 81.65, with a turnover of HKD 2.144 billion.
On the news front, Alibaba announced that the company's ordinary shares traded on the Hong Kong Stock Exchange have been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, effective September 10, 2024. After inclusion, qualified investors from mainland China will be able to directly trade Alibaba Group's ordinary shares.
In addition, ANT GROUP recently held a shareholders' meeting and approved the company's profit distribution plan. According to the plan, ANT GROUP will distribute dividends to all shareholders, and employees holding equity incentive tools will also enjoy the corresponding economic benefits of the dividends. The dividends will not affect future investments, as ANT will continue to reinvest in strategic areas such as AI