Jack Ma to give up control of fintech giant Ant Group: WSJ – Meczyki.Net

China’s billionaire tech boss Jack Ma plans to hand over control of Ant Group, a fintech powerhouse closely affiliated with Alibaba, he founded, to e-commerce giant The Wall Street Journal. informed of on Thursday.

If materialized, the move would mark another turning point in Ant’s ongoing restructuring and power reshuffle as China closed its $35 billion initial public offering nearly two years ago.

The Ant group could not be immediately contacted for comment.

more to come…