Forbes

Jack Ma’s Ant Group Reaches Deal With Chinese Regulators On Restructuring Plan: Bloomberg Report

Jack Ma’s Ant Group Reaches Deal With Chinese Regulators On Restructuring Plan: Bloomberg Report

Ant Group has agreed on a restructuring plan with China’s regulators that will turn the fintech giant into a financial holding company subject to capital requirements similar to those for banks, Bloomberg News reported.

Source: Forbes – Markets
Date: February 3, 2021, 21:56