As a result of the decision, there will no longer be any one individual exerting control over the company. Large shareholders like Hangzhou Junao and Hangzhou Junhan will “independently exercise their voting rights in Ant,” the firm noted.
Estimated reading time: 0 minutes, 18 seconds
Ma No Longer Calling the Shots at Ant After Restructuring
As a result of company-wide restructuring, billionaire Jack Ma is giving up control of Ant Group. So reports Cointelegraph.
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