China Reins in Jack Ma’s Ant Group With Enforced Revamp
over 4 years in theepochtimes
The Chinese regime has imposed a sweeping restructuring on Jack Ma’s Ant Group, the fintech group whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing’s determination to rein in its internet giants. The overhaul, which has been in the works for several months, includes Ant turning into a financial holding firm, […]
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