Ant Group Co is considering to fold its financial operations into a holding company that could be regulated more like a bank, Bloomberg News reported on Tuesday, citing people familiar with the situation.
FILE PHOTO: Logo of Alipay is pictured on a building of the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba,in Shanghai, China November 9, 2020. REUTERS/Aly Song/File PhotoREUTERS: Ant Group Co is considering to fold its financial operations into a holding company that could be regulated more like a bank, Bloomberg News reported on Tuesday, citing people familiar with the situation.
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