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Ant to Be Financial Holding Firm in Overhaul Forced by China

  • Chinese regulators summoned Ant for meeting on April 12
  • The changes will see Ant supervised more like a bank
Bloomberg business news
WATCH: Jack Ma’s Ant Group Co. will drastically revamp its business, bowing to demands from Chinese authorities that want to rein in the country’s fast-growing Internet giants. (Source: Bloomberg)
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Jack Ma’s Ant Group Co. will drastically revamp its business, bowing to demands from Chinese authorities that want to rein in the country’s fast-growing Internet giants.