China’s central bank agrees Ant Group’s Alipay has no controller By Reuters

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<span>© Reuters. The Alipay logo is displayed next to a QR payment code on the app, in this illustration picture taken June 28, 2023. REUTERS/Florence Lo/Illustration/File Photo</span><br />
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<p>BEIJING (Reuters) – China’s central bank has agreed that popular payment app Alipay has no controller following a sweeping business overhaul of Jack Ma’s Ant Group, the fintech giant that owns the app, according to the website of the People’s Bank of China.</p>
<p>In January, Ant Group said its founder Jack Ma will no longer control the fintech giant and give up most of his voting rights.</p>
<p>On Saturday, an Ant Group spokesperson said the corporate governance optimization announced on January 7 has been completed and it will not affect the company’s day-to-day business operations. </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/chinas-central-bank-agrees-ant-groups-alipay-has-no-controller-3264888">Source link </a></p><p>The post <a href="https://forextraderhub.com/chinas-central-bank-agrees-ant-groups-alipay-has-no-controller-by-reuters.html">China’s central bank agrees Ant Group’s Alipay has no controller By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>