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Ant explores ways for Jack Ma to exit as China piles pressure: Report

Ant Group is exploring options for founder Jack Ma to divest his stake and give up control, say sources

Jack Ma
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Jack Ma, chairman of Alibaba Group Holding Ltd

The Wall Street Journal HONG KONG
Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing's scrutiny of its business, according to a source familiar with regulators' thinking and two people with close ties to the company.
 
Reuters is for the first time reporting details of the latest round of meetings and the discussions about the future of Ma's control of Ant, exercised through a complicated structure of investment vehicles. The Wall Street Journal previously