News Snapshot:
HONG KONG, Jan 9 (Reuters Breakingviews) - Jack Ma is leading China’s consumer internet out of the sin bin. After his fintech champion Ant said its founder will cede control, shares in affiliate Alibaba (9988.HK), rose 7% in Hong Kong on Monday morning. It may mark the end of Ant's campaign to placate regulators after they derailed the group's $37 billion initial public offering in late 2020. It’s not clear whether it marks much more than that. The company on Saturday announced that Ma's 50%-plus voting stake will be whittled down to roughly 6%, and a fifth independent director will...
