Alibaba Shares Jump Nearly 4% Midday after Chinese Regulator…

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TMTPost -- Hong Kong-traded shares of Alibaba Group jumped as much as 3.8% before settling 3% higher Friday. The American depositary receipts (ADRs) of Alibaba closed nearly 2.9% higher. Shares of the e-commerce heavyweight rallied after Chinese market regulator announced conclusion of a three-year antitrust rectification.Credit：Xinhua News AgencyFollowing the regulatory guidance, Alibaba has fully ceased its monopol