Alibaba, Ant said to form new oversight body to align interests, tighten controls

Alibaba, Ant said to form new oversight body to align interests, tighten controls

Photographer: Gilles Sabrie/Bloomberg

Alibaba Group Holding Ltd. and Ant Financial 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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter