Billionaire Jack Ma reportedly might give up his stake in Ant Group after sparring with regulators but other Chinese businessmen who disagreed with lawmakers have faced harsher fates


Source: businessinsider.com businessinsider.com

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Jack Ma may give up his Ant Group stake after making negative comments about Chinese regulation. CNBC's David Faber reported in January that Ma has been "less visible, purposefully." Businessmen like Ren Zhiqiang and Xiao Jianhua disappeared after criticizing Chinese regulators. Visit Business Insider's homepage for more stories . The Chinese billionaire and Alibaba founder Jack Ma might give up his stake in Ant Group after being noticeably absent from public life. Sources recently told Reuters Ant Group executives and Chinese regulators are considering Ma's potential exit from the company after the billionaire criticized global financial regulators , calling them...