30-07-2022, 04:00 PM
PUBLISHED JUL 29, 2022, 8:10 AM SGT
HONG KONG/BEIJING (REUTERS) - Billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal (WSJ) reported on Thursday (July 28)
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While Mr Ma owns only a 10 per cent stake in Ant, an affiliate of Alibaba Group Holding, he exercises control over the company through related entities
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Mr Ma could cede control by transferring some of his voting power to Ant officials including chief executive Eric Jing.
https://www.straitstimes.com/business/ba...-group-wsj
HONG KONG/BEIJING (REUTERS) - Billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal (WSJ) reported on Thursday (July 28)
......
While Mr Ma owns only a 10 per cent stake in Ant, an affiliate of Alibaba Group Holding, he exercises control over the company through related entities
......
Mr Ma could cede control by transferring some of his voting power to Ant officials including chief executive Eric Jing.
https://www.straitstimes.com/business/ba...-group-wsj