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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.

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