China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group

China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group

3 years ago
Anonymous $4BDEsVAtYS

https://www.reuters.com/article/us-china-ant-group/china-extends-crackdown-on-jack-mas-empire-with-enforced-revamp-of-ant-group-idUSKBN2BZ134

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

China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group

Apr 12, 2021, 3:33pm UTC
https://www.reuters.com/article/us-china-ant-group/china-extends-crackdown-on-jack-mas-empire-with-enforced-revamp-of-ant-group-idUSKBN2BZ134 >China has imposed a sweeping restructuring on Jack Ma's Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing's determination to rein in its internet giants.