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Jack Ma Exits Investors' Alibaba Suit Over Ant Group IPO

By Emilie Ruscoe (March 22, 2023, 7:59 PM EDT) -- Jack Yun Ma, the founder and former CEO of Chinese tech giant Alibaba Group Holding Ltd., no longer faces claims in an investors' consolidated proposed class action alleging the company and certain of its executives failed to properly apprise investors about regulatory risks it faced in the lead-up to a planned $34 billion initial public offering of Chinese fintech Ant Group, a company in which it held a 33% interest....

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