shares of ecommerce giant alibaba group holding ticker baba are rising on a report that china has agreed to allow ant group to establish a financial holding company creating a path for ant to resuscitate its plan for a public listing alibaba is up about 1 to 10241 in early friday trading shares had gained as much as 111 today the stock is up 81 in the past month but is still down 126 so far this year ant is an affiliate company of alibaba