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jack-ma’s-ant-is-china-tech’s-tiniest-bellwether

Jack Ma’s Ant is China tech’s tiniest bellwether

By BizTech Weekly Jan 8, 2023

Shares in affiliate Alibaba (9988.HK), rose 7% in Hong Kong on Monday morning. It may mark the end of Ant’s campaign to placate regulators. Ma’s 50%-plus voting stake will be whittled down to roughly 6%, and a fifth independent director will join the board. . . .

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