Ant Group explores ways for founder Jack Ma to exit as Beijing piles pressure
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...
Source: india.com