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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: