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Ma could cede control by transferring some of his voting power to Ant officials including chief executive Eric Jing, the Wall Street Journal report said.
Chinese tech mogul could delay Ant Group's IPO even further if he sells controlling stake in firm
Chinese Billionaire Jack Ma plans to cede control of China's Ant Group after a regulatory repression suppressing its IPO.
Chinese billionaire Jack Ma is planning to give up total control of Ant Group amid pressure from the government regulators, media reports said on Thursday.According to a report in Wall Street Journal, the move is aimed at part of the fintech ...