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China s Ant Group plans revamp amid regulator pressure: Report China s Ant Group Co Ltd is planning to refashion itself as a financial holding company under the supervision of China s central bank in the face of regulatory pressure, the Wall Street Journal reported on Wednesday.
FILE PHOTO: A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo
27 Jan 2021 10:00PM (Updated:
27 Jan 2021 10:05PM) Share this content
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SHANGHAI: China s Ant Group Co Ltd is planning to refashion itself as a financial holding company under the supervision of China s central bank in the face of regulatory pressure, the Wall Street Journal reported on Wednesday (Jan 27).