Jack Ma Tells Chinese Regulators Ant Group Not A Bank
PYMNTS
NOVEMBER 3, 2020
As China's Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. Reuters writes that while Ant presents itself as a tech company, financial regulators have suggested it's under their umbrella. The classification is important for investors.
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