Page 9 - Wang Zhen News Today

Ant Considers Holding Company With Regulation Similar to Bank, Sources Say Bloomberg 12/29/2020 Bloomberg News © Bloomberg The Ant Group Co. logo is displayed at the companys headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Jack Mas Ant Group is seeking to raise $17.5 billion in its Hong Kong share sale and wont seek to lock in cornerstone investors, confident there will be plenty of demand for one of the largest equity deals in the financial hub, according to pe...

Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. The fintech giant is planning to move any unit that would require a financial license into the holding company, pending regulatory approval, said the people, who asked not be named because the matter is private. The plans are still under disc...

TODAY December 29, 2020 Chinese financial technology giant Ant Group plans reorganisation that would allow it to be regulated more like a bank, Bloomberg reports. Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. The fintech giant is planning to move any unit that would require a financial...

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