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Jack Ma to Relinquish Control of Ant Group 

By
Shai Oster
· · Source: The Wall Street Journal

Jack Ma will give up control of Ant Group, the massive online financial services giant whose $35 billion initial public offering was killed in the last minute by the Chinese government. The Wall Street Journal reported that Ma, who effectively controls about half of Ant, will give up some of his voting rights, possibly transferring them to Chief Executive Eric Jing and other executives, giving...

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