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Finance

Fate of Jack Ma stake hangs over Ant Group's mega IPO plan

Alibaba founder confirms intent to slash half-ownership 'over time'

Alibaba co-founder Jack Ma arrives for a meeting with Thailand's Prime Minister Prayuth Chan-ocha in Bangkok in April 2018.    © Reuters

HONG KONG -- The pending stock sale by China's Ant Group is shaping up to be one of the largest initial public offerings ever, though the company is expected to put only a stake of 10% to 15% on the market.

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