{"id":1800591,"date":"2023-01-10T06:05:22","date_gmt":"2023-01-10T11:05:22","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1800591"},"modified":"2023-01-10T06:06:19","modified_gmt":"2023-01-10T11:06:19","slug":"chinas-ant-group-says-founder-jack-ma-will-give-up-control","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-ant-group-says-founder-jack-ma-will-give-up-control\/","title":{"rendered":"China\u2019s Ant Group Says Founder Jack Ma Will Give up Control"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinas-ant-group-says-founder-jack-ma-will-give-up-control%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1800591&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>WASHINGTON\u2014E-commerce billionaire <a href=\"https:\/\/www.theepochtimes.com\/t-jack-ma\">Jack Ma<\/a> I will give up <a href=\"https:\/\/www.theepochtimes.com\/t-control\">Control<\/a> He founded Ant Group, the most prominent Chinese financial technology provider.<\/p>\n<p>Ant Group posted a statement Friday stating that, following a restructuring of its ownership, \u201cno shareholder, alone, or with other parties\u201d Will have \u201ccontrol over Ant Group.\u201d Alibaba&#8217;s affiliate, the company, is also owned by Ma.<\/p>\n<p>The move follows other efforts over the years by the Chinese Communist Party (CCP) to rein in Ma and the country\u2019s tech sector more broadly. Two years ago, Ma, a once prominent figure, disappeared for 2.5 month after being criticised. <a href=\"https:\/\/www.theepochtimes.com\/t-china\">China<\/a>\u2019s regulators.<\/p>\n<p>Ant Group was also forced by the regime to cancel a highly anticipated IPO, which would have raised more than $3 billion just days before launch.<\/p>\n<p>\u201cJack Ma\u2019s departure from Ant Financial, a company he founded, shows the determination of the Chinese leadership to reduce the influence of large private investors,\u201d Andrew Collier, managing Director of Orient Capital Research.<\/p>\n<p>\u201cThis trend will continue the erosion of the most productive parts of the Chinese economy.\u201d<\/p>\n<p><em>This report was contributed by Reuters<\/em><\/p>\n<div class=\"author_wrapper\">\n<div class=\"one_author_block round\">\n<div class=\"top_row\">\n\t\t\t\t\t<a href=\"https:\/\/www.theepochtimes.com\/author-associated-press\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/AP-logo-square-1080.jpg\" alt=\"The Associated Press\"   style=\"display:none\"><\/a>\n\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON\u2014E-commerce billionaire Jack Ma I will give up Control He founded Ant Group, the most prominent Chinese financial technology provider. Ant Group posted a statement Friday stating that, following a restructuring of its ownership, \u201cno shareholder, alone, or with other parties\u201d Will have \u201ccontrol over Ant Group.\u201d Alibaba&#8217;s affiliate, the company, is also owned by &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1703841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[14164,5458,5909,4154,4148,7317,3819],"class_list":["post-1800591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-ant","tag-bongino","tag-chinas","tag-control","tag-founder","tag-jack","tag-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1800591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1800591"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1800591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1703841"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1800591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1800591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1800591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}