Alibaba Founder Jack Ma Cedes Control of Sister Fintech Firm Ant Group
Retail TouchPoints
JANUARY 9, 2023
Ant Group also said that Ma and its nine other major shareholders had agreed to no longer act in concert when exercising their voting rights and will only vote independently going forward. “No Now with the shareholder adjustments, CNN estimates that Ma’s voting rights have been reduced to 6.2%.
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