The Chinese billionaire Jack Ma intends to divest control of Ant Group, according to people familiar with the facts who spoke exclusively to the Wall Street Journal. This transaction is part of the fintech giant’s effort to move away from its affiliate Alibaba after more than a year of heavy pressure from Chinese regulators. Authorities have halted the IPO for over 34 billion Ant’s dollars in 2020 and are forcing the tech firm to reorganize as a financial holding company regulated by China ‘s central bank. As the review progresses, Ant takes the opportunity to reduce the company’s reliance on…