ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China tech

Jack Ma's Ant Group implicated in corruption scandal by Chinese media

CCTV documentary on land deals intensifies pressure on billionaire's empire

The documentary did not name Jack Ma's company, but an Ant unit was the only external corporate investor in one of the highlighted deals, according to public records, and was among three corporate investors in the second.   © Reuters

BEIJING (Financial Times) -- China's state broadcaster has implicated Jack Ma's Ant Group in a corruption scandal, ratcheting up pressure on the billionaire following a crackdown that has wiped billions of dollars from his internet empire.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more