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Jack Ma has surrendered control of Ant Group, causing shares of Alibaba Group Holding (BABA) to bounce, writes Alex Frew McMillan, who says the action could clear the way for an Ant Group initial public offering down the road....BABA
SHANGHAI/HONG KONG - Ant Group's founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a r
Chinese magnate Jack Ma will no longer be the controlling person of Ant Group, the Wall Street Journal reported on Saturday, citing a statement put out by the C
The shareholders of Ant Group agreed to remove Ma’s voting control of the firm and “independently exercise their voting rights”
Alibaba and Ant Group have been major players in the Chinese industry and their struggles have contributed to a broader slowdown.