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Ant Group consumer finance unit in Chongqing wins operating

Ant Group's consumer finance unit has won approval to begin operating in Chongqing city, the local banking watchdog said on Thursday. ....

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Ant Group consumer finance unit in Chongqing wins operating approval

Ant Group's consumer finance unit has won approval to begin operating in Chongqing city, the local banking watchdog said on Thursday. ....

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China Transinfo Technology : Ant to boost consumer finance unit capital as it restructures micro-lending - sources

China s Ant Group is in talks with other shareholders in its new consumer finance unit to bolster the firm s capital as the fintech giant prepares to fold in its lucrative micro-lending. | March 4, 2021 ....

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China's Ant to boost consumer finance unit capital as it restructures micro-lending: sources | WSAU News/Talk 550 AM · 99.9 FM

By Syndicated Content
By Julie Zhu
HONG KONG (Reuters) - China s Ant Group is in talks with other shareholders in its new consumer finance unit to bolster the firm s capital as the fintech giant prepares to fold in its lucrative micro-lending businesses, people familiar with the matter said.
It would need additional capital of 30 billion yuan ($4.6 billion) to meet regulatory requirements, said one of the people who has direct knowledge of the plans.
Ant plans to bring most of its micro-lending businesses into the unit - equivalent to roughly 1 trillion yuan ($155 billion) in outstanding loans - a move which will allow it to maintain operations nationwide and expand more easily, said two sources. ....

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China's Ant to boost consumer finance unit capital as it restructures micro-lending -sources

3 Min Read
HONG KONG, Feb 26 (Reuters) - China’s Ant Group is in talks with other shareholders in its new consumer finance unit to bolster the firm’s capital as it prepares to fold in its lucrative micro-lending businesses, people familiar with the matter said.
It would need additional capital of 30 billion yuan ($4.6 billion) to meet regulatory requirements, said one of the people who has direct knowledge of the plans.
Ant plans to bring the bulk of its micro-lending businesses into the unit - equivalent to roughly 1 trillion yuan ($155 billion) in outstanding loans - a move which will allow it to maintain operations nationwide and expand more easily, said two sources. ....

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