Jack Ma cedes control of Ant Group

Possible preliminary to a relaunched IPO

clock • 2 min read
Chinese billionaire Jack Ma relinquishes control of Ant Group. Image via Wikimedia.
Image:

Chinese billionaire Jack Ma relinquishes control of Ant Group. Image via Wikimedia.

Jack Ma, chairman of China's Alibaba Group, is relinquishing control of Ant Group, moving further away from the business empire he founded decades ago.

It follows China's crackdown on the nation's tech sector, which has at times seemed to specifically target Ma - crushing plans for Ant's IPO in 2020, for example, after he made comments about the c...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
US to block TikTok - ByteDance vows to fight back

Legislation and Regulation

Talks about a ban have finally progressed past the theoretical stage

clock 25 April 2024 • 3 min read
ToddyCat cybercriminals using high-end tools to commit 'industrial scale' theft

Threats and Risks

ToddyCat restrict access to compromised systems while they steal valuable data.

clock 23 April 2024 • 2 min read
Apple pulls two major messaging platforms from China App Store

Mobile Software

Chinese government cites security concerns

clock 22 April 2024 • 2 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Corporate

Critics dismiss Broadcom's 'anti-cloud' licencing changes for VMware

Critics dismiss Broadcom's 'anti-cloud' licencing changes for VMware

Trade body CISPE demands EU investigation

clock 23 April 2024 • 3 min read
Stability AI cutting staff in the name of restructuring

Stability AI cutting staff in the name of restructuring

Following the departure of CEO Emad Mostaque, UK AI unicorn is shedding employees

Muskan Arora
clock 19 April 2024 • 1 min read
More layoffs at Google, as company fires protesters

More layoffs at Google, as company fires protesters

28 terminated over Israel protest

John Leonard
clock 18 April 2024 • 1 min read