Business
Ant Group explores ways for Jack Ma to exit as China piles on pressure – Sydney Morning Herald
Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control.
The source familiar with the regulators thinking has direct knowledge of conversations between Ant and officials, while one of the sources with company ties has been briefed on Mas interactions with regulators and Ants plans. The other one has direct knowledge of Ants discussions about options. They requested anonymity because of the sensitivity of the situation.
The Ant spokesman did not provide any comments from Ma. Alibaba referred questions to Ant. Jack Mas office did not respond to Reuters…
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