Ant Group to overhaul structure per agreement with China authorities By Cointelegraph

Report: Ant Group to overhaul structure per agreement with China authorities
Report: Ant Group to overhaul structure per agreement with China authorities

Ant Group, the financial affiliate of China’s e-commerce giant Alibaba (NYSE:), has reportedly reached an agreement with Chinese regulators over the company’s status.

According to a Feb. 3 report by Bloomberg, Chinese regulators have agreed on a restructuring plan that will turn Jack Ma’s fintech giant into a financial holding company.

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