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 being implemented to further enhance the stability of our corporate structure and sustainability of our long-term development.” The statement laid out the previous complex structure of the company that showed Ma “indirectly” controlled 53.46 percent of Ant Group’s shares. “As a result, Mr. Jack Ma (was) deemed to be the...