Jakarta –
Ant Group Co. officially completed the procedure to remove the main controller of the company, namely the founder, Jack Ma. This is a follow-up to Jack Ma’s resignation as controller at Ant Group.
Ant Group is a financial sector technology company affiliated with Alibaba. Jack Ma previously had full control of the company whose goal was to reach all consumers and small businesses to financial and other services through technology access.
Quoted from BloombergWednesday (4/1/2024) Jack Ma’s resignation was announced in early 2023. Ant Group’s spokesperson believes that adjusting the company’s controller will not change the economic interests of any shareholder.
“The change in status at the PBOC will not affect the company’s day-to-day business operations,” an Ant spokesperson.
Ant Group is a company founded by Jack Ma in 2004. The affiliated business with Alibaba is a technology company operating in the financial sector.
Ant Group owns several companies such as Alipay, Yu’e Bao, Huabei, Xiang Hu Bao, Mybank, and Zhima Credit. For information, Jack Ma is said to have given up control of the fintech giant Ant Group after the company failed to hold an IPO.
Quoted from ReutersSaturday (7/1/2023), Ant previously planned an IPO worth US$ 37 billion in 2020. The IPO, which would have been the largest in the world, was finally canceled in November 2022.
This forced the company to undergo forced restructuring, and Jack Ma had to give up his power. A number of analysts predict that Ant could IPO after Jack Ma relinquishes control.
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2024-01-03 05:11:58
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