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Billionaire Jack Ma's Ant Group linked to corruption case in China: FT
short by Aishwarya Awasthi / on Friday, 21 January, 2022
Billionaire Jack Ma's Ant Group has been linked to a corruption scandal involving the former party secretary of Chinese technology hub Hangzhou, the FT reported citing public records and sources. A unit of Ant Group bought plots of land at a discount in Hangzhou in 2019 after taking stakes in two mobile payment businesses owned by party secretary's younger brother.
read more at Reuters