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Jack Ma: Ant Group explores ways for Jack Ma to exit as China piles on pressure
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China s Ant Explores Ways for Founder to Divest Stake as Beijin Pressure Grows: Sources
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Ant Denies Report It’s Exploring Ways for Jack Ma to Sell Stake
Bloomberg 2 hrs ago © Photographer: /Bloomberg Jack Ma
(Bloomberg) Ant Group denied a report that the Chinese finance-technology company is exploring ways for founder Jack Ma to sell his stake and give up control as a means to ease pressure from the country’s regulators.
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Reuters reported earlier that officials from the People’s Bank of China and the China Banking and Insurance Regulatory Commission held talks with Ma and Ant separately between January and March, where the possibility of Ma’s exit was discussed. The report cited people familiar with the matter.
China s Ant Group explores ways for Jack Ma to exit: report
Officials from the central bank, People s Bank of China (PBOC), and financial regulator China Banking and Insurance Regulatory Commission (CBIRC) held talks between January and March with Ma and Ant separately, where the possibility of the tycoon s exit from the company was discussed
Reuters | April 18, 2021 | Updated 09:22 IST
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.
China s Ant said to explore ways for Jack Ma to exit amid govt pressure
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