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Jack Ma-Backed Ant Weighs Introducing Investor in HK Bank Unit

  • Virtual lender Ant Bank offers loans, deposit services in HK
  • The Hong Kong arm recorded about $30 million losses for 2021

Ant Group Co. is considering selling a stake in its virtual banking unit in Hong Kong, according to people familiar with the matter, the latest move as the fintech giant overhauls operations. 

Ant Bank (Hong Kong) Ltd. has been talking to potential investors to bolster operations, the people said, requesting not to be identified because the matter is private. The plan is preliminary and subject to change, said the people. Ant declined to comment in an emailed statement.