Jack Ma Plans to Cede Control of Ant Group

Reuters

Center

High Factuality

Private Equity: The Woodbridge Company

Billionaire Jack Ma plans to cede control of China's Ant Group

Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth.

Channel News Asia

Center

High Factuality

Government: Government of Singapore

Jack Ma plans to give up control of Ant Group

Chinese billionaire Jack Ma plans to give up control of financial technology company Ant Group Co in an effort to move away from affiliate Alibaba Group Holding Ltd, the Wall Street Journal reported on Thursday.Alibaba did not immediately respond to a Reuters request for comment. The company's U.S.-listed

Benzinga

Center

High Factuality

Alibaba Shares Bleed As Jack Ma Braces To Cede Control Over Ant: Report

Alibaba Group Holding Limited (NYSE: BABA) co-founder Jack Ma plans to surrender control of Ant Group Co to sharpen its initial public offering prospects, 

WION

Center

Mixed Factuality

Private Equity: Invesco

Top 10 world news: US economy shrank again, Jack Ma plans to give up control of Ant Group, and more

Here are the top 10 stories from across the world. 

Bloomberg

Lean Left

Mixed Factuality

Individual: Michael Bloomberg

Private Equity: The Vanguard Group

Jack Ma Plans to Cede Control of Ant Group