Ant Group shelves share buyback programme for current and departing staff: Bloomberg - Reuters

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By Reuters Staff

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FILE PHOTO: A sign of Ant Group is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/File Photo

(Reuters) - Jack Ma’s Ant Group Co has shelved a share buyback programme for current and departing staff, partly because of uncertainty over how to value the company, Bloomberg News reported on Tuesday, citing executives familiar with the matter.

Reporting by Kanishka Singh in Bengaluru; Editing by Himani Sarkar

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