Ant, founded by Ma in 2014, operatesAlipay,the worlds largest digital payments platform.
The platform is used by hundreds of millions of people every month in China and elsewhere.
It is also involved in consumer lending and insurance products distribution.
Jack Ma, founder of Ant Group,Costfoto/Future Publishing via Getty Images
He built the e-commerce company into a $454B empire, transforming the way Chinese people shop.
Ma stepped down as chairman of Alibaba Group in 2019.
It helped bring films likeGreen Bookto Chinese audiences.
Ten people including the founder, management and staff will exercise their voting rights independently, it said.
Ma has been extremely low profile since the IPO was stopped.
Alibaba Pictures Group is a Chinese film company subsidiary of the Alibaba Group.
2015 saw Alibaba Pictures first investment in UScinemawith their financial support ofMission Impossible: Rogue Nation.
Alibaba Pictures partnered with STX to bring out the filmPeppa Celebrates Chinese New Yearin 2019.
