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Jack Ma's Ant Group was the next big thing. Now it may become just a boring bank


Jack Ma s Ant Group was the next big thing. Now it may become just a boring bank
CNN
2/23/2021
Analysis by Laura He, CNN Business
© Qilai Shen/Bloomberg/Getty Images
A pedestrian walks past an Alipay sign outside an Ant Group Co. office building in Shanghai, China, on Thursday, Dec. 24, 2020.
Jack Ma s Ant Group quickly became one of China s most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day.
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Now it appears to be turning into the kind of highly regulated Chinese bank that it hoped to supplant. ....

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