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The New Daily
The New Daily
World
The New Daily

China billionaire gives up control of Ant Group

Ant Group Jack Ma Ant China

One of China’s richest men Jack Ma will give up control of the company he founded after a regulatory crackdown.

Mr Ma, who started online marketplace Alibaba, controlled more than 50 per cent of Ant Group which runs Alipay — the main online payment system in China.

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