SHANGHAI (Reuters) – China’s Ant Group said on Saturday that its founder Jack Ma no longer controls the Chinese fintech giant after a series of shareholding adjustments that saw him give up most of his voting rights.
Ma previously possessed more than 50% of voting rights at Ant but the changes means that his share falls to 6.2%, according to Reuters calculations.
(Reporting by Yingzhi Yang and Brenda Goh; Editing by William Mallard)
