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Ant Considers Moving Financial Services to Holding Company

By Wayne Ma
· · Source: Bloomberg

Ant Group, the Chinese financial technology company under attack by Chinese regulators, might move its financial business into a holding company that could be regulated like a bank, Bloomberg reported. This would allow Ant to continue operating financial services beyond its payments business, Bloomberg said. On Sunday, Chinese regulators ordered Ant to “return to payment origins” and rectify...

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