Jack Ma, the Chinese billionaire to give up control of Ant Group in a revamp |Oneindia News*Business

As per reports, Chinese fintech giant Ant Group's founder Jack Ma will give up control of the company.

Ant's $37 billion IPO, which would have been the world's largest, was cancelled at the last minute in November 2020.

That led to a forced reshuffling of the financial technology firm and speculation the Chinese billionaire would have to surrender control.

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