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Posts tagged as “Group”

Ant Group denies report it’s exploring ways for Jack Ma to sell stake

Ant Team denied a report that the Chinese finance-engineering organization is exploring strategies for founder Jack Ma to offer his stake and give up control as a usually means to relieve stress from the country’s regulators.

Reuters documented earlier that officials from the People’s Lender of China and the China Banking and Coverage Regulatory Fee held talks with Ma and Ant separately involving January and March, wherever the probability of Ma’s exit was discussed. The report cited people today familiar with the make a difference.

The organization hoped that Ma’s stake would be offered to current shareholders in Ant or its e-commerce lover Alibaba Team Keeping Ltd., Reuters mentioned.

Ant issued a assertion to the information agency that mentioned the divestment of Ma’s stake wasn’t considered. The organization reiterated the denial in a tweet subsequent the report, expressing the “divestment of Mr. Ma’s stake in Ant Team has in no

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