SHANGHAI (Reuters) – China’s Ant Group said on Saturday that its founder Jack Ma no longer controls the Chinese fintech giant after a series of shareholding adjustments that saw him give up most of his voting rights.

Ma previously possessed more than 50% of voting rights at Ant but the changes means that his share falls to 6.2%, according to Reuters calculations.

(Reporting by Yingzhi Yang and Brenda Goh; Editing by William Mallard)

Copyright 2023 Thomson Reuters.

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