Alibaba fintech arm Ant explores ways for Jack Ma to exit as Beijing piles pressure APRIL 18, 2021 09:00 business

Chinese e-commerce giant Alibaba Group Holdings Ltd.’s fintech arm, Ant Group, had been exploring options for a potential sale of its stakes held by founder Jack Ma , which in effect would rub out ‘the salesman turned in to a billionaire’ business magnate’s control over the fintech group, as a latest meet between Ant Group and Chinese regulators had hinted such moves would help ease Beijing’s pressure over the fintech giant’s businesses, a Bloomberg news report published late on Saturday had unveiled citing at least three unnamed people familiar with the negotiation .…

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