Source: Ant Group is planning to fold its financial operations into a holding company that could be regulated more like a bank (Bloomberg)

Bloomberg:
Source: Ant Group is planning to fold its financial operations into a holding company that could be regulated more like a bank  —  - Financial units face stricter regulation in planned structure  — Lifestyle businesses to be excluded from holding company



from Techmeme https://ift.tt/34Q4Qbk
via IFTTT

Comments

Popular posts from this blog

6 investors discuss why AI is more than just a buzzword in biotech

Voiceflow, a Canada-based SaaS platform that lets companies launch their own voice and chat bots, raises $20M Series A led by Felicis Ventures (Igor Bosilkovski/Forbes)

Ex-staffers say Twitter's mass firing of security staff and growing reliance on automation will help China and other authoritarian regimes in silencing critics (Adam Rawnsley/Rolling Stone)