Leading Chinese financial technology provider Ant Group has announced that its founder, e-commerce billionaire Jack Ma, will give up control of the company.
E-commerce billionaire Jack Ma will give up control of Ant Group, the leading Chinese financial technology provider he founded.
The move follows other efforts over the years by the Chinese government to rein in Ma and the country's tech sector more broadly. Two years ago, the once high-profile Ma largely disappeared from view for 2 1/2 months after criticizing China's regulators.
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