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Jack Ma: China s Ant explores ways for Jack Ma to exit as Beijing piles pressure: Report

HONG KONG: Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signalled to the company that the move could help draw a line under Beijing s scrutiny of its business, according to a source familiar with regulators thinking and two people with close ties to the company. Reuters is for the first time reporting details of the latest round of meetings and the discussions about the future of Ma s control of Ant, exercised through a complicated structure of investment vehicles. The Wall Street Journal previously reported that Ma had offered in a November meeting with regulators to hand over parts of Ant to the Chinese government.

Ant explores ways for Jack Ma to exit - The Hindu BusinessLine

Ant explores ways for Jack Ma to exit Reuters | Updated on × Ma s stake, worth billions of dollars, could be sold to existing investors in Ant or Alibaba Group Hong Kong, April 19 Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signalled to the company that the move could help draw a line under Beijing s scrutiny of its business, accordingto a source familiar with regulators thinking and two people with close ties to the company. Reuters is for the first time reporting details of the latest round of meetings and the discussions about the future of Ma s control of Ant, exercised through a complicated structure of investment vehicles.

Ant Group explores ways for founder Jack Ma to exit as Beijing piles pressure

Ma had offered to hand over parts of Ant. Ma`s stake is worth billions of dollars. Hong Kong: Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signalled to the company that the move could help draw a line under Beijing`s scrutiny of its business, according to a source familiar with regulators` thinking and two people with close ties to the company. Reuters is for the first time reporting details of the latest round of meetings and the discussions about the future of Ma`s control of Ant, exercised through a complicated structure of investment vehicles.

China s Ant explores ways for Jack Ma to exit

China s Ant explores ways for Jack Ma to exit
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

China s Ant Explores Ways for Founder to Divest Stake as Beijin Pressure Grows: Sources

China s Ant Explores Ways for Founder to Divest Stake as Beijin Pressure Grows: Sources
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.

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