Ant Group’s Value Could Be Cut Further Due To China’s Antitrust Concerns
PYMNTS
JANUARY 21, 2021
That could happen under Chinese regulators’ proposals to curb market concentration in the country’s online payments market, Ant, best known for its Alipay payments service, calls itself a financial technology company (FinTech). But China’s financial regulators are starting to view it as being more like a bank. “Ant
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