Ant Group Co.’s quarterly profit fell 92% as the fintech pioneer founded by Jack Ma struggles to revive a business wracked by an economic downturn and more than a year of regulatory scrutiny. The ...

Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move ...

Ant Group, the Chinese fintech giant controlled by Alibaba cofounder Jack Ma, will undergo a major restructuring that will put it under much tighter regulatory controls, China’s central bank said ...

Ant Group's founder Jack Ma will no longer control the Chinese fintech giant after shareholders agreed to implement a series of adjustments. Ma will give up most of his voting rights, the group said ...

Jack Ma, cofounder of e-commerce giant Alibaba and fintech giant Ant Group. Chinese billionaire Jack Ma’s Ant Group won regulatory approval to boost the registered capital of its consumer finance unit ...

In a rare public appearance, Alibaba's (NYSE:BABA) Co-Founder Jack Ma expressed support for Ant Group's future, seeing significant opportunities in AI for the affiliate fintech company, Reuters ...

Ant Group Co., the financial-technology giant controlled by billionaire Jack Ma, will apply to become a financial holding company overseen by China's central bank, overhauling its business to adapt to ...

One of the world's top billionaires, Jack Ma, has lost as much as $850 billion over the last three years and this was because of critique against Beijing and China's regulations on the financial ...

Chinese billionaire Jack Ma, the founder of Ant Group, reportedly may give up his stake in the company, Reuters reported. The move is one option being discussed as Ant Group executives and Chinese ...

Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a ...

With Jack Ma out at Ant Group, the fintech could restart the IPO process. Alibaba owns a 33% stake in Ant Group, which could mean a cash infusion for Alibaba. Investors should shield themselves from ...

The details for Ant’s overhaul have arrived. Ant Group, the fintech affiliate of Alibaba controlled by Jack Ma, will become a financial holding company that will bring more regulatory scrutiny over ...