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Reuters API
Published
Jan 7, 2023
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Ant Group says Jack Ma relinquishes control of company

By
Reuters API
Published
Jan 7, 2023

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.


Jack Ma - Reuter


Ma previously possessed more than 50% of voting rights at Ant but the changes means that his share falls to 6.2%, according to Reuters calculations.

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