Jack Ma To Give Up Control Of Fintech Giant Ant Group
9 de ene. de 2023 ·
54s
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Descripción
The billionaire founder of Ant Group, Jack Ma, is to give up control of the Chinese fintech giant after a regulatory crackdown. Ant Group says that after the change no-one...
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The billionaire founder of Ant Group, Jack Ma, is to give up control of the Chinese fintech giant after a regulatory crackdown.
Ant Group says that after the change no-one would have overall control.
The formerly flamboyant Mr Ma has seldom been seen in public since criticising China's financial sector in 2020.
Mr Ma, who founded e-commerce giant Alibaba, directly and indirectly controls more than 50% of Ant Group however, after the changes in governance structure, he will control just over 6%, according to an Ant Group statement.
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Ant Group says that after the change no-one would have overall control.
The formerly flamboyant Mr Ma has seldom been seen in public since criticising China's financial sector in 2020.
Mr Ma, who founded e-commerce giant Alibaba, directly and indirectly controls more than 50% of Ant Group however, after the changes in governance structure, he will control just over 6%, according to an Ant Group statement.
Información
| Autor | Africa Business Radio |
| Organización | Africa Business Radio |
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