In 50 Words: Alibaba opts out of Ant Group’s buyback, keeps one-third stake

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In 50 Words: Alibaba opts out of Ant Group’s buyback, keeps one-third stake

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Alibaba Group has chosen not to participate in Ant Group’s stock buyback plan, maintaining its one-third stake in the fintech company. This decision comes despite decreases in Ant’s value, following regulatory scrutiny and penalties that disrupted its anticipated record 2020 IPO.

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