AsianFin -- Ant Group recently announced the full completion of the process to remove Jack Ma’s control over the fintech giant. Once a privately controlled enterprise under Ma’s leadership, the company has transitioned into a publicly governed platform with multiple shareholders.
While Ma remains the largest shareholder, his voting rights have been limited to just 6.208%, significantly reducing his influence on the company’s decision-making. Between 2023 and 2025, Ant Group is actively pursuing registration as a financial holding company, introducing more independent directors in an effort to balance profitability with public interest.
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