China reins in Jack Ma's Ant Group with enforced revamp

China reins in Jack Ma's Ant Group with enforced revamp

3 years ago
Anonymous $4BDEsVAtYS

https://www.reuters.com/article/us-china-ant-group/china-reins-in-jack-mas-ant-group-with-enforced-revamp-idUSKBN2BZ134

China has imposed a sweeping restructuring on Jack Ma's Ant Group, the fintech group whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing's determination to rein in its internet giants.

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