May

Jack Ma Fund’s Investment Sends Reorient Soaring in Hong Kong

Jack Ma Alibaba Group Chairman Jack Ma. Photographer: SeongJoon Cho/Bloomberg

Shares of Hong Kong-based investment bank Reorient Group Ltd. jumped to the highest level since 2007 after a private-equity fund backed by e-commerce billionaire Jack Ma agreed to invest in the company.

The stock surged 142 percent to HK$21.75 as of 9:50 a.m. local time after climbing as much as 178 percent to the highest intraday level since 2007…

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Jack Ma Fund’s Investment Sends Reorient Soaring in Hong Kong

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