From Jack Ma's perspective, giving up control of Ant Group (voting rights reduced from 53.46% to about 6.2%) is very correct. This business is too large, and the role of the controller is too high and powerful. Occupying this position is too exhausting; it is better to 'take a step back and broaden the horizon,' becoming one of the ordinary shareholders.
From Ant Group's perspective, while welcoming Jack Ma to give up the controlling position, it should also welcome him to continue leading Ant Group to do some innovative and extraordinary things.
Without Jack Ma's leadership, Ant Group would quickly turn into an internet financial institution that is actually controlled and managed by financial regulatory agencies, becoming a large and mediocre financial institution.