Jack Ma to Handover Ant Group’s Control as Part of Company’s Restructure

Jack Ma to Handover Ant Group’s Control as Part of Company’s Restructure

Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure, the company announced Saturday. “No shareholder, alone or jointly with other parties, will have control over Ant Group (after the completion of the adjustment), the company said in a statement. “The adjustment is…