Logo 29 Jul 2022

Jack Ma to relinquish control of Ant

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On Thursday, WSJ scooped that Ant founder Jack Ma is looking to cede control of the company.
Some context: Ma doesn’t hold an executive position in Ant, but he still has a great deal of influence over the company via a Hangzhou-based fund called Yunbo. 
According to WSJ, Ma voluntarily came up with ...