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Ant Group Says It Has Exited Investment in China Postal Bank

Ant Group Co. has gradually exited its investment in Postal Savings Bank of China, according to a statement on Friday. 

The divestment was based on its own development needs and investment management planning, the statement said. The two companies will continue a partnership formed over the past years, an Ant Group spokesperson said, adding that they will continue to leverage each other’s strength to offer inclusive and convenient services to users.