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

Comments

Popular posts from this blog

Microsoft says it has no plans to add more backward compatible titles for Xbox One, but says Project Scarlett will run games from all four Xbox generations (Tom Warren/The Verge)

Tencent-backed Chinese online education startup Huohua Siwei, which offers K-12 math and science courses, closes its $400M Series E at a $1.5B valuation (Emma Lee/TechNode)

SetSail raises $26M Series A for its service that recommends when to pay salespeople, by monitoring the progress of sales across CRM, email, and other systems (Ron Miller/TechCrunch)