Posts in tag
Relinquish
Jack Ma, Ant Group Founder, Will Relinquish Control
One of China’s most influential financial tech companies, Ant Group, said on Saturday that the billionaire entrepreneur, Jack Ma, planned to relinquish control of the company. Mr. Ma’s retreat from the company he founded comes after the ruling Communist Party waged an unprecedented crackdown on Big Tech. Beijing had made Mr. Ma’s Ant Group and …