Report: Jack Ma Offered Part Of Ant Group To Chinese Government To Smooth Over IPO Fiasco
PYMNTS
DECEMBER 20, 2020
Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported. Ma told regulators at a meeting: "You can take any of the platforms Ant has, as long as the country needs it," WSJ reported, citing an unnamed source.
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