Alibaba and Ant Group founder Jack Ma is giving up control of Shanghai-listed financial software provider Hundsun Technologies. Photo: AP Photo
Alibaba and Ant Group founder Jack Ma is giving up control of Shanghai-listed financial software provider Hundsun Technologies. Photo: AP Photo
Ant Group

Jack Ma cedes control of Shanghai-listed financial software firm Hundsun Technologies amid Ant Group restructuring

  • Ma, who indirectly held 20.72 per cent of the voting power in Hundsun Technologies, will no longer have control over the company
  • The tech billionaire bought a controlling share of Hundsun in 2014, the same year that Ant Group was founded

Alibaba and Ant Group founder Jack Ma is giving up control of Shanghai-listed financial software provider Hundsun Technologies. Photo: AP Photo
Alibaba and Ant Group founder Jack Ma is giving up control of Shanghai-listed financial software provider Hundsun Technologies. Photo: AP Photo
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