Ant Group curbs support for overseas partners in strategy rethink ahead of listing

Ant Group curbs support for overseas partners in strategy rethink ahead of listing

4 years ago
Anonymous $RGO3jP_V_c

https://www.reuters.com/article/us-ant-group-ipo-strategy-insight/ant-group-curbs-support-for-overseas-partners-in-strategy-rethink-ahead-of-listing-idUSKBN27E06W

China's Ant Group Co Ltd has been cutting funding and staff support to many of the overseas e-wallet firms it has invested in as it pivots away from earlier ambitions of becoming a global payments leader, people with knowledge of the matter told Reuters.

Ant Group curbs support for overseas partners in strategy rethink ahead of listing

Oct 29, 2020, 2:17am UTC
https://www.reuters.com/article/us-ant-group-ipo-strategy-insight/ant-group-curbs-support-for-overseas-partners-in-strategy-rethink-ahead-of-listing-idUSKBN27E06W >China's Ant Group Co Ltd has been cutting funding and staff support to many of the overseas e-wallet firms it has invested in as it pivots away from earlier ambitions of becoming a global payments leader, people with knowledge of the matter told Reuters.