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Ant, Alibaba plan for less intertwined future after China crackdown

BEIJING, June 22 Ant Group and Alibaba are untangling their operations from each other and independently seeking new business as the Jack Ma-founded companies navigate. ....

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Alibaba empowers business units to be more agile as challenges mount

Alibaba Group Holding Ltd.’s chief executive, Daniel Zhang, is devolving power to the heads of the company’s business units to become more agile in tackling rising challenges and potentially open the way for spinoffs, people familiar with the matter said. ....

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Ant tells staff it will find solution for unsellable shares

Ant tells staff it will find solution for unsellable shares
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Amid employee concerns, Ant says will find solution for unsellable shares

Amid employee concerns, Ant says will find solution for unsellable shares
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Jack Ma Ant Promises Staff A Solution for Unsellable Shares

Jack Ma s Ant Promises Staff A Solution for Unsellable Shares
A short-term liquidity solution for employees will take effect in April, Ant Chairman Eric Jing said in a recent posting on the company s internal website, according to people familiar with the matter.
Updated: March 02, 2021 6:47 pm IST
Many of Ant s employees have been granted restricted stock options each representing 5.53 shares
Ant Group Co. told employees it would eventually go public and promised to help those who need to monetize their shares sooner, seeking to boost morale four months after Chinese regulators torpedoed the fintech giant s blockbuster listing.
A short-term liquidity solution for employees will take effect in April, Ant Chairman Eric Jing said in a recent posting on the company s internal website, according to people familiar with the matter. ....

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