YNWA07
2021-04-19
Nonsense
Jack Ma May Be Divesting His Stake In Ant Group, Giving Up Control: Reuters
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But an Ant Group spokesperson issued a statement to the outlet, saying Ma's exit \"has never been the subject of discussions with anyone.\"</p>\n<p>Sources told Reuters the company hoped Ma's stake would be sold to Ant investors or <b>Alibaba Group Holding Ltd</b> (NYSE: BABA) without the involvement of any external entity.</p>\n<p>This past week, following an ultimatum from the People's Bank of China, the country's central bank, Ant said it would become a financial holding company that falls under the purview of the Chinese central bank.</p>\n<p>The news of Ma's exit came a week after Alibaba was hit with a record .8 billion fine.</p>\n<p><b>Why It Matters: </b>The outspoken Ma has long been the most visible figure of China's economic rise and stands out in a culture where getting attention at high levels can draw unwanted scrutiny.</p>\n<p>Last October, Ma criticized China's banking sector as operating with a \"pawnshop mentality.\" The government scuttled the planned blockbuster Ant Group IPO shortly after Ma made the comments.</p>\n<p>The Chinese government blocked Ant Group's IPO last November. The Chinese fintech's public listing of $37 billion was set to be the largest in history.</p>\n<p>Last year, the People's Bank of China instructed Ant Group to \"rectify\" how it does business.</p>\n<p>Ant's businesses include Alipay, China's largest digital payments company, an open insurance marketplace, and the Ant Fortune asset management and retirement planning platform. It has also launched financial products such as Yu'ebao.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jack Ma May Be Divesting His Stake In Ant Group, Giving Up Control: Reuters</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJack Ma May Be Divesting His Stake In Ant Group, Giving Up Control: Reuters\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-18 03:18 GMT+8 <a href=https://finance.yahoo.com/news/jack-ma-may-divesting-stake-191857737.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ant Group along with Chinese regulators reportedly are working out a way forward for the company and exploring ways for Jack Ma to exit.\nWhat Happened: Jack Ma, founder of Ant Group, reportedly may ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jack-ma-may-divesting-stake-191857737.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://finance.yahoo.com/news/jack-ma-may-divesting-stake-191857737.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2128785733","content_text":"Ant Group along with Chinese regulators reportedly are working out a way forward for the company and exploring ways for Jack Ma to exit.\nWhat Happened: Jack Ma, founder of Ant Group, reportedly may divest his stake and give up his control to begin easing China's scrutiny of the company, Reuters reported, citing sources close to the company.\nBetween January and March, the People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) and financial regulators held talks with Ma and Ant Group separately and discussed the possibility of Ma's exit from the company.\nReuters said the decision about Ma's exit was being discussed in meetings with officials. But an Ant Group spokesperson issued a statement to the outlet, saying Ma's exit \"has never been the subject of discussions with anyone.\"\nSources told Reuters the company hoped Ma's stake would be sold to Ant investors or Alibaba Group Holding Ltd (NYSE: BABA) without the involvement of any external entity.\nThis past week, following an ultimatum from the People's Bank of China, the country's central bank, Ant said it would become a financial holding company that falls under the purview of the Chinese central bank.\nThe news of Ma's exit came a week after Alibaba was hit with a record .8 billion fine.\nWhy It Matters: The outspoken Ma has long been the most visible figure of China's economic rise and stands out in a culture where getting attention at high levels can draw unwanted scrutiny.\nLast October, Ma criticized China's banking sector as operating with a \"pawnshop mentality.\" The government scuttled the planned blockbuster Ant Group IPO shortly after Ma made the comments.\nThe Chinese government blocked Ant Group's IPO last November. The Chinese fintech's public listing of $37 billion was set to be the largest in history.\nLast year, the People's Bank of China instructed Ant Group to \"rectify\" how it does business.\nAnt's businesses include Alipay, China's largest digital payments company, an open insurance marketplace, and the Ant Fortune asset management and retirement planning platform. It has also launched financial products such as Yu'ebao.","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/379722524"}
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