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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: Reuters - 🏆 2. / 97 Read more »