Jack Ma

Billionaire Jack Ma to give up control of China’s Ant group

Jack Ma indirectly owned 53.46% of his shares. he will only possess 6.2% of the voting rights after the adjustment. The adjustment will not change the economic interests of any shareholders. BEIJING: In response to a Communist Party assault on the country’s internet sector that singled out the flamboyant billionaire, Jack Ma will cede leadership of Chinese fintech behemoth Ant

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