Ant Group Says Its Founder, Jack Ma, Will Relinquish Management

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One in every of China’s most influential tech titans, Ant Group, mentioned on Saturday that its founder, Jack Ma, plans to relinquish management of the corporate.

Ant Group is the fintech sister firm of the e-commerce behemoth Alibaba, certainly one of China’s most useful personal firms and the bedrock of the enterprise empire of Mr. Ma, the nation’s most well-known tycoon.

It is a growing story.

Chang Che contributed reporting and Zixu Wang contributed analysis.

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