1 min read.Updated: 28 Jul 2022, 05:13 PM ISTLivemint
Jack Ma, who doesn't hold any titles at Ant, currently controls 50.52% of voting rights in the company
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Chinese billionaire Jack Ma plans to give up control of Ant Group Co "to appease regulators following a lengthy crackdown," Bloomberg news agency reported on Thursday. Ma, who doesn't hold any titles at Ant, currently controls 50.52% of voting rights in the company. He could transfer some of his voting power to other Ant officials. The Chinese fintech company's US-listed were trading lower before the bell.
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