Chinese billionaire, Jack Ma, has lost the controlling stake in China’s payment company, Ant Group, following the restructuring of the firm’s ownership structure.
In a statement issued on Saturday, Ant Group said Jack Ma’s 34 per cent stake has been reviewed downwards to 20 percent, putting him at the same level with other shareholders.
The company’s other shareholders are – Mr. Cyril Xinyi Han, Ms. Yu Zhang, Mr. Chenli Huang and Ms. Yun Zhou.
NigeriaDNA is a Direct News source that delivers the latest news, buzz, and stories from some of Nigeria’s most popular and trusted news websites. NigeriaDNA facilitates this by publishing headlines linking to breaking news and curated snippets from a diverse range of Nigerian credible, independent, and public-interest news sources. Our editors make it easy for Nigerians abroad and diaspora to discover top news stories in real-time as they're posted and directly linked to Nigeria's authoritative News Sources.
© 2024 All Rights Reserved | Curated and Powered by Nigeria DNA
