https://www.reuters.com/article/us-china-ant-group/ant-plans-holding-company-with-regulation-similar-to-bank-bloomberg-news-idUSKBN2930BL

Jack Ma's Ant Group Co is planning to fold its financial operations into a holding company that could be regulated more like a bank, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-12-29/ant-considers-holding-company-with-regulation-similar-to-bank-sources-say?sref=Yg3sQEZ2&utm_campaign=socialflow-organic&utm_medium=social&utm_content=business&cmpid=socialflow-twitter-business&utm_source=twitter on Tuesday, citing people familiar with the situation.