Does Jack Ma own ant group?

Controlling stake Although Ma had previously stepped down from corporate positions, he retains effective control over Ant and significant influence over Alibaba. While he only owns a 10\% stake in Ant, Ma exercises control over the company through related entities, according to Ant’s IPO prospectus.

Will Ant IPO again?

HONG KONG — It will “not be too long” before Ant Group is able to resume its suspended initial public offering, according a member of the Chinese financial technology group’s board of directors.

Will Ant Group IPO again?

Ant Group’s $35 billion IPO could be back in play because it plans a JV with China-backed firms, report says. An Ant Group logo is seen at the company’s headquarters on October 28, 2020 in Hangzhou, Zhejiang Province of China.

What happened to Jack Ma?

When Jack Ma took to a Shanghai conference stage in October, China’s most famous entrepreneur was on the brink of pulling off an unprecedented $35 billion initial public offering for the finance juggernaut he co-founded two decades earlier.

What happened to Alibaba’s Jack Ma?

While the sudden cancellation of his Ant Group IPO shocked many investors, Ma’s fall from grace had been years in the making. Alibaba founder Jack Ma performs onstage during the company’s 20th anniversary gala at Hangzhou Olympic Center Stadium on Sept. 10, 2019, in Hangzhou, China.

How many reports of Jack Ma have there been?

There have been (as far as I can tell) just 6 “reports” of Jack Ma’s doings since October, all of them strange, suspiciously vague, and indirect. 1. The “Hostage Video” The first sighting occurred three months after he disappeared.

Does Jack Ma have too much power in China?

“Jack Ma amassed far too much power, this is understood by everyone in China,” says Song Qinghui, an independent economist who contributes to Chinese state media. “Alibaba’s influence grew far too great. It got to the point where it had to be brought under control.”