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Share: Alibaba Group Holding Ltd’s (NYSE: BABA) financial services arm Ant Group has shelved its share buyback program for current and soon-to-be-former employees due to ongoing regulatory uncertainty, Bloomberg reported Monday. What Happened: Employees of the Jack Ma-founded company are stuck with shares that are difficult to value and even Ant itself is unable to determine their price, executives familiar with the matter told Bloomberg. Bloomberg Intelligence analyst Francis Chan lowered the estimate for Ant’s valuation to less than $108 billion, which is 60% less than the level arrived...

Eric Jing, executive chairman of Ant Group, said the company will find a “short-term liquidity solution” for employees and committed to an IPO.

Jack Ma's Ant Promises Staff A Solution for Unsellable Shares A "short-term liquidity solution" for employees will take effect in April, Ant Chairman Eric Jing said in a recent posting on the company's internal website, according to people familiar with the matter. Updated: March 02, 2021 6:47 pm IST Many of Ant's employees have been granted restricted stock options each representing 5.53 shares Ant Group Co. told employees it would eventually go public and promised to help those who need to monetize their shares sooner, seeking to boost morale four months after Chinese regulators torpedo...

Jack Ma, CEO of Chinese tech giant giant Alibaba, has been ‘missing in action’ for nearly three months now, his whereabouts unknown, after a major public show of dissent towards CCP in Beijing.  Speculation abound, the former English teacher turned billionaire tech entrepreneur resurfaced last week. And it’s complicated. Ma had re-appeared in a brief 43 second video, apparently keeping a low profile while he plot some of the biggest business decisions of his career, and which will no doubt impact the entire Asian technology and e-commerce sector. But it hardly drew any attention in the...

Haitian Flavoring's Vice Chair Is China’s Richest Professional Manager, Hurun Says Zhang Yushuo Haitian Flavoring's Vice Chair Is China’s Richest Professional Manager, Hurun Says (Yicai Global) Jan. 19 -- Cheng Xue, vice chairman and executive vice president of the world’s largest soy sauce maker, Foshan Haitian Flavoring and Food, is the wealthiest executive in China with assets of CNY65 billion (USD10 billion), according to a new report. Cheng is one of 11 women who made the top 50, according to the Hurun China Richest Professional Managers list released today, which discounted sel...