Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control

📆 09.01.2023 8:05:00

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Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday, after announcing that Ant founder Jack Ma is no longer their controller following an overhaul at the fintech giant.

📆 09.01.2023 8:05:00
📰 Reuters

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He lost his fight. With the Chinese government.

We are Reuters. We rejoice in the elimination of the free market in China and celebrate the fall of entrepreneurs to the CCP. Stocks rise 🎉

Eject Allibaba From buorse

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Ant Group says Jack Ma to relinquish control of companyChina's Ant Group said on Saturday that its founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of shareholding adjustments that will see him give up most of his voting rights. Flew too close to the sun? dugalira Good, all these pretentious tapori promoters should learn to plan a graceful exit
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