PBOC Restructures Ant Group: Jack Ma to Lose Control

BBC | Tom Espiner | Jan 8, 2023 The billionaire founder of Ant Group, Jack Ma, is to give up control of the Chinese fintech giant after a regulatory crackdown, and will own just 6% (down from over 50%) after restructuring. 2 year forced restructuring and $1B fine: Ant Group runs Alipay, the main online

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