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Ma had offered to hand over parts of Ant.
Ma`s stake is worth billions of dollars.
Hong Kong: Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signalled to the company that the move could help draw a line under Beijing`s scrutiny of its business, according to a source familiar with regulators` thinking and two people with close ties to the company.
Reuters is for the first time reporting details of the latest round of meetings and the discussions about the future of Ma`s control of Ant, exercised through a complicated structure of investment vehicles.
Beijing Finds Ways to Exit as Beijing Piles Pressure for Ant Group Founder Jack Ma - Naveen Bharat : Read Today's Truth News Headlines, Get Breaking News, Latest News, India News, World News
Zheping Huang and Coco Liu, Bloomberg News Ma Huateng. Photographer: Paul Yeung/Bloomberg , Bloomberg
(Bloomberg) Tencent Holdings Ltd. founder Pony Ma pledged $7.7 billion toward curing societal ills and lifting Chinaâs countryside out of poverty, echoing Xi Jinpingâs priorities at a time Beijing is tightening its grip on internet giants.
The billionaire chief executive officer on Monday pledged to set aside 50 billion yuan for a âsustainable social valuesâ program, in what would be one of Chinaâs largest corporate charity initiatives. Tencent promised to tackle a plethora of issues from renewable energy and scientific education to health care and rural revitalization a centerpiece of Xiâs over-arching policy framework. The gaming and social media giant intends to fold its existing foundation and philanthropic activity into a new unit to oversee the initiative, which also encompasses carbon neu
China s Ant explores ways for Jack Ma to exit thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.