China Regulators Orders Ant Group to Go Back to Basics, Demands Timeline

Posted on 12/27/2020

Chinese regulators are growing concerned about Chinese tech giants power in various industries, something occurring in the U.S. as well. China’s financial regulators urged Hangzhou-based Ant Group Co. to remedy illegal financial activities, including in its credit (lending), insurance, and wealth management businesses. The regulator also wants some regulation in Ant Group’s credit rating business […]

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