Chinese regulators look to break up Ant Group’s Alipay: report

3 years ago 322

Published: Sept. 12, 2021 astatine 9:10 p.m. ET

FT reports Beijing seeks a abstracted app for indebtedness concern arsenic portion of anti-monopoly crackdown

Chinese regulators are seeking to interruption up Alipay, the fashionable payments app from Jack Ma’s Ant Group, according to a caller study by the Financial Times.

According to the FT, regulators privation Alipay to make a abstracted app for its indebtedness business, and crook implicit idiosyncratic information for a caller credit-scoring associated venture, successful which Chinese state-owned concern volition person a important stake.

Reuters...

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