Employees walk past a logo at the Ant Group headquarters in Hangzhou, China. Photo: Bloomberg
Employees walk past a logo at the Ant Group headquarters in Hangzhou, China. Photo: Bloomberg
Ant Group

Ant Group grants first dividends to shareholders but Jack Ma chooses not to cash out

  • Ant’s dividends paid to Alibaba, which owns 33 per cent of the unicorn, amounted to 3.9 billion yuan (US$622 million), according to data provided by Alibaba
  • The fintech giant’s two other major shareholders – Hangzhou Junao and Hangzhou Junhan – have chosen to retain the dividends without cashing out

Employees walk past a logo at the Ant Group headquarters in Hangzhou, China. Photo: Bloomberg
Employees walk past a logo at the Ant Group headquarters in Hangzhou, China. Photo: Bloomberg
READ FULL ARTICLE