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Sources: in an early November meeting, Jack Ma offered concessions to Chinese regulators, including handing over parts of Ant Group if "the country needs it" (Lingling Wei/Wall Street Journal)

Lingling Wei / Wall Street Journal:

Sources: in an early November meeting, Jack Ma offered concessions to Chinese regulators, including handing over parts of Ant Group if “the country needs it”  —  Trying to salvage his relationship with regulators in a Nov. 2 meeting, the Chinese billionaire said he was ready to do what the country needed