Ant Group reaches take care of China regulators on overhaul, Bloomberg Information studies By Reuters


© Reuters. FILE PHOTO: An indication of Ant Group is seen throughout the World Web Convention (WIC) in Wuzhen

(Reuters) – Ant Group Co has agreed on a restructuring plan with Chinese language regulators underneath which the fintech big will probably be was a monetary holding firm, in keeping with Bloomberg Information.

The plan requires placing all of Ant’s companies into the holding firm, together with its expertise choices in areas like blockchain and food-delivery, in keeping with screenshots of the story shared by Bloomberg subscribers on Wednesday.

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