Jack Ma May Be Divesting His Stake In Ant Group, Giving Up Control: Reuters
By Megansoto in Business
Updated 3 years ago
Ant Group along with Chinese regulators reportedly are working out a way forward for the company and exploring ways for Jack Ma to exit. What Happened: Jack Ma, founder of Ant Group, reportedly may divest his stake and give up his control to begin easing China's scrutiny of the company, Reuters reported, citing sources close to the company.