Billionaire Jack Ma plans to cede control of China's Ant Group

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Billionaire Jack Ma plans to cede control of China's Ant Group

Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth.

https://www.reuters.com/technology/jack-ma-plans-give-up-control-ant-group-wsj-2022-07-28/

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