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Ant Group says Jack Ma relinquishes control of company

Reuters · 01/06/2023 21:40
Ant Group says Jack Ma relinquishes control of company

- China's Ant Group said on Saturday that its founder Jack Ma longer controls the Chinese fintech giant after a series of shareholding adjustments that saw him give up most of his voting rights.

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.


(Reporting by Yingzhi Yang and Brenda Goh; Editing by William Mallard)

((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.))