Alibaba Declines Ant Group Share Buyback Offer
Originally Published 2 years ago — by Reuters
Alibaba Group has announced that it will not participate in Ant Group's proposed share buyback, following the recent fine imposed on Ant Group by Beijing. Despite this decision, Alibaba will maintain its 33% stake in the company. The fine has raised hopes that the regulatory crackdown on Ant Group may be coming to an end, potentially allowing the company to focus on growth and pursue its plans for a stock market listing.