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China's Ant Group says founder Jack Ma will give up control

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FILE – In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. Leading Chinese financial technology provider Ant Group announced Friday, Jan. 6, 2023, that its founder, e-commerce billionaire Jack Ma, will give up control of the company. (AP Photo/Thibault Camus, File) WASHINGTON – E-commerce billionaire Jack Ma will give up control of Ant Group, the leading Chinese financial technology provider he founded. In a statement posted Friday, Ant Group said that after an ownership restructuring, “no shareholder, alone or with other parties” will have “control over Ant…

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