Alibaba, Ant Financial to form oversight body to tighten control

//Alibaba, Ant Financial to form oversight body to tighten control

Alibaba, Ant Financial to form oversight body to tighten control

Alibaba Group Holding and Ant Financial Services will establish a steering committee led by the e-commerce giant to spearhead joint business initiatives and ensure their long-term interests are aligned, according to people familiar with the matter.China’s top online retail services provider and its biggest internet financial services giant will create a so-called new economy body, headed by Alibaba chief executive Daniel Zhang Yong. Ant Financial chairman Eric Jing will be Zhang’s deputy, the…

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By | 2019-03-08T10:12:54+00:00 March 8th, 2019|Business|Comments Off on Alibaba, Ant Financial to form oversight body to tighten control