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Jack Ma to Give Up Control of Chinese Fintech Giant Ant Group

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Content Team
Image Credit: economic times

Chinese magnate Jack Ma will no longer be the controlling person of Ant Group, the Wall Street Journal reported on Saturday, citing a statement put out by the Chinese fintech giant. The changes are made to reduce Ant's reliance on the flamboyant Chinese billionaire, who co-founded Alibaba Group Holding and helped create Ant, the Journal reported previously.