“As a result of the Adjustment, the shareholding structure of Ant Group will be more transparent and diversified, which will facilitate the steady development of the Company.

Source: https://thenewdaily.com.au/news/2023/01/09/jack-ma-ant-group/

As you may recall, things turned sour for Ant Group two years ago, when its IPO plans were cut short by Chinese regulators.

Source: https://techcrunch.com/2023/01/10/are-arm-and-ant-groups-derailed-exits-back-on-track/

Mr Ma, a former English teacher who founded e-commerce giant Alibaba, directly and indirectly controls more than 50% of Ant Group.

Source: https://www.bbc.co.uk/news/business-64192382?at_medium=RSS&at_campaign=KARANGA

The once outspoken Alibaba and Ant Group founder has been shying away from the spotlight in dwindling public appearanceswith Chinese regulators cracking down on large internet companies.

Source: https://qz.com/jack-ma-made-a-rare-appearance-in-china-1850267932