Jack Ma decreases shareholding in Ant Group’s employee shareholding entity

On August 21, Hangzhou Yunbo Investment Consulting Co., Ltd., as Ant Group’s employee shareholding entity, had an industrial and commercial change, with Jack Ma’s shareholding in the company dropping from 100% to 34%, Tianyancha App showed.

On August 21, Hangzhou Yunbo Investment Consulting Co., Ltd., as Ant Group’s employee shareholding entity, had an industrial and commercial change, with Jack Ma’s shareholding in the company dropping from 100% to 34%, Tianyancha App showed.

At the same time, its new shareholders Hu Xiaoming, Jiang Fang and Jing Xiandong each hold 22% of the shares.

Currently, Hangzhou Yunbo Investment Consulting Co., Ltd. indirectly holds shares of Ant Technology Group Co., Ltd. through Hangzhou Junao Equity Investment Partnership (Limited Partnership) and Hangzhou Junhan Equity Investment Partnership (Limited Partnership).

At the same time, it is worth noting that recently, Ant Technology Group has also undergone industrial and commercial changes.

Peng Lei, Zhang Yong, and Wu Wei withdrew from the board of directors, and 5 new people, Cheng Li, Hu Zuliu, Jiang Fang, Hao Quan, and Huang Yiping were added as directors.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/23/jack-ma-decreases-shareholding-in-ant-group-s-employee-shareholding-entity/.

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