Ant Group says Jack Ma to relinquish control of company

Summary by The Korea Times

China's Ant Group said on Saturday that its founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of shareholding adjustments that will see him give up most of his voting rights.

Published 5 months ago

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Times of India

Jack Ma to give up control of Chinese fintech company Ant Group

China's Ant Group said on Saturday that its founder Jack Ma no longer controls the Chinese fintech giant after a series of shareholding adjustments that saw him give up most of his voting rights.

5 months ago·Mumbai, India

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BBC News

Jack Ma to give up control of fintech giant Ant Group

The billionaire has seldom been seen in public since criticising China's financial sector in 2020.

5 months ago·United Kingdom

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News18 India

Chinese Billionaire Jack Ma To Give Up Control Of Ant Group

The move marks another big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020 and led to a forced restructuring of the financial technology behemoth

5 months ago·India

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The Guardian

Jack Ma to give up control of China’s Ant Group, firm says

Billionaire Chinese businessman has rarely been seen in public since criticising regulators’ attitude to tech companies two years ago

5 months ago·London, United Kingdom

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Reuters

Ant Group founder Jack Ma to give up control in key revamp

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 regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years ago.

5 months ago·United Kingdom

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The Hindu

Ant Group founder Jack Ma to give up control in key revamp

Jack Ma's ceding of control comes as Ant Group is nearing the completion of regulatory-driven restructuring, with Chinese authorities poised to impose a fine of more than $1 billion on the firm — part of Beijing's unprecedented crackdown on technology titans

5 months ago·India

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