Ant Group’s logo displayed at the company’s headquarters in Hangzhou, on August 2, 2021. Photo: Bloomberg
Ant Group’s logo displayed at the company’s headquarters in Hangzhou, on August 2, 2021. Photo: Bloomberg
Ant Group

Jack Ma gives up control of Ant Group, restructuring China’s largest fintech company to put it back on path for IPO

  • Ma will end an acting-in-concert pact with three executives which gave Ma 53.46 per cent of the voting power in the fintech company
  • After the restructuring, major shareholders of Ant ‘will independently exercise their voting rights,’ leaving no one in direct or indirect control

Ant Group’s logo displayed at the company’s headquarters in Hangzhou, on August 2, 2021. Photo: Bloomberg
Ant Group’s logo displayed at the company’s headquarters in Hangzhou, on August 2, 2021. Photo: Bloomberg
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