Jack Ma to give up control of Ant Group following crackdown by China - Shahpur Turk CSC - Common Service Centre in Sonipat Jack Ma to give up control of Ant Group following crackdown by China

10 January 2023

Jack Ma to give up control of Ant Group following crackdown by China

Jack Ma will no longer control the Chinese fintech giant, 'Ant Group.' This comes in the backdrop of the firm's shareholders agreeing to implement a series of adjustments that will see him give up most of his voting rights. The move is the next big development after a regulatory crackdown that scuppered Ant's $37 billion IPO in late 2020.

from IndiaTV Business: Google News Feed https://ift.tt/oQf0X97
via IFTTT

No comments:

Post a Comment

ONGC, Oil India in talks for 50% stake in $3.4 billion Kenya oilfield, Chinese firm enters fray

India's flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant IndianOil (IOC) for the pot...

ShahpurTurkCSC