The consumer-finance arm of China’s Ant Group Co. is boosting its financial firepower with a $3.5 billion capital increase, with the biggest chunk of outside funding coming from a powerful state-owned institution.
, Chongqing Ant Consumer Finance Co., to 30 billion yuan, the equivalent of $4.7 billion. That will allow the unit to maintain a bigger balance sheet, meaning it can advance more credit to customers, and marks a step forward in a key part of Ant’s revamp.
viriyabot Alibaba is no longer Jack Ma’s, but is a SOE of the Communist Party of China!
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*State owned - CCP literally mafiad out Jack Ma
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So I am sitting here eating Christmas left overs and watching DatelineNBC re run and my email dinged 4 times and it was job offers & I haven't done anything on indeed for months waiting on what now I know is a or will come a FOR SURE GUIDE LIGHT on 1072022 Scotus vaccination
China is un-investable under Xi's innovation crushing policies. Period.