Jack Ma ceding control over Alibaba's VIEs highlights China's corp governance woes

Jack Ma ceding control over Alibaba's VIEs highlights China's corp governance woes

Jack Ma. Photographer: Qilai Shen/Bloomberg

Jack Ma is quietly giving up control over the legal entities that control Alibaba Group Holding Ltd. in a move aimed at reassuring shareholders of their rights in China’s most valuable company. It’s also a reminder of weaknesses in corporate governance at the country’s biggest companies.

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