Reuters reveals China’s Ant explores ways for Jack Ma to exit
Reuters broke the news that China’s Ant Group is exploring options for founder Jack Ma to divest his stake in […] The post Reuters reveals China’s Ant explores ways for Jack Ma to exit appeared first on Reuters News Agency.
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Reuters broke the news that China’s Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing’s scrutiny of its business. Reuters was first to report details of the new meetings about the future of Ma’s control of Ant, which come amid a broader regulatory clampdown on China’s technology sector that was set in motion after Ma’s public criticism of regulators in a speech in October last year.
The post Reuters reveals China’s Ant explores ways for Jack Ma to exit appeared first on Reuters News Agency.
