Deals
Jack Ma's Ant Financial Said to Be in Talks for Caixin Stake
- Ant said to be interested in Chinese business magazine
- Ant Financial owner billionaire Jack Ma building media empire
Jack Ma, chairman and CEO of Alibaba.
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Alibaba Group Holding Ltd.’s financial affiliate is in talks to invest in Chinese business magazine publisher Caixin Media Co. as billionaire founder Jack Ma expands his media interests, according to two people familiar with the matter.
Caixin, founded by Hu Shuli, has been discussing a stake sale with Ma’s Zhejiang Ant Small & Micro Financial Services Group Co., the people said, asking not to be identified because the matter is private. No deal has been signed, the people said, declining to comment on the price or size of the stake.