FILE PHOTO: A sign of Ant Group is seen during the World Internet Conference in Wuzhen, Zhejiang province, China, Nov. 23, 2020. REUTERS/Aly SongThe unit, Chongqing Ant Consumer Finance Co Ltd, has registered capital of 8 billion yuan , according to a statement from the Chongqing bureau of the China Banking and Insurance Regulatory Commission .Ant made a capital contribution of 4 billion yuan for a 50per cent stake, it said.
Other investors include Nanyang Commercial Bank, battery maker Contemporary Amperex Technology and China Huarong Asset Management.