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What will become of Ant Group in the immediate and foreseeable future? Jack Ma is no longer the head of Ant Group. The China-based company recently announced it would be ending agreements that allowed the Chinese business magnate to control it following a shareholding restructure caused by a regulatory crackdown.
Jack Ma has surrendered control of Ant Group, causing shares of Alibaba Group Holding (BABA) to bounce, writes Alex Frew McMillan, who says the action could clear the way for an Ant Group initial public offering down the road..BABA