• Ant weighs financial holding company to placate regulators, sources say

    Ant weighs financial holding company to placate regulators, sources say0

    (Reuters) -Ant Group Co Ltd is considering folding most of its online financial businesses, including consumer lending, into a holding company that would be regulated like traditional financial firms, two people with direct knowledge of the matter said. FILE PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at

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  • Jack Ma’s Ant Group Slashes Credit Limits for Some Younger Borrowers in China

    Jack Ma’s Ant Group Slashes Credit Limits for Some Younger Borrowers in China0

    Ant Group Co. cut borrowing limits for some users of its popular digital credit-card service, a sign the financial-technology giant is dialing back risk in its lending business following pressure from Chinese regulators. The Hangzhou-based company on Wednesday said Huabei, one of its consumer-lending platforms, is lowering credit limits for some younger borrowers “to promote

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  • Ant Group’s Value Could Be Cut Further

    Ant Group’s Value Could Be Cut Further0

    Share Tweet Share Share Share Email Chinse billionaire Jack Ma keeps getting hit with setbacks. It all started in November when the Shanghai Stock Exchange acted to delay his Ant Group’s plan to go public, after he met with Chinese regulators. Before the scheduled initial public offering (IPO) was canceled, Ant Group was worth an estimated

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