- Chinese billionaire Jack Ma has finally lost his control of fintech giant, Ant Group
- The decision was made after shareholders agreed to change the company’s ownership structure.
- Jack Ma has been running away fro, the Chinese authorities and he is currently residing outside of the country
Chinese billionaire Jack Ma will lose control of Ant Group, a fintech affiliate of Alibaba, both of which he founded.
According to a statement on Saturday, January 7, 2023, the new company’s structure means Ma’s voting rights will fall to 6.2%, CNN reports.
