Jack Ma oens only 10% stake in Ant, an affiliate of Alibaba Group holdings. According to Ant's IPO prospectus field with the exchanges in 2020
Currently, Jack Ma doesn't hold any executive role at Ant or a seat on its board but controls it's 50.52% of its shares through its private entity
Seven Ant Group executives including Jing stepped down from the Alibaba partnership.
Ant's operates the world's largest China's universal mobile payment app, Alipay which has more than 1 billion users.
Ant and Ali Alibaba are separating their operations from each other and independently seeking new businesses