Under intense pressure from China, Ant Group will become a financial holding company that is regulated more like a bank, among other changes (Lulu Yilun Chen/Bloomberg)

Lulu Yilun Chen / Bloomberg:
Under intense pressure from China, Ant Group will become a financial holding company that is regulated more like a bank, among other changes  —  - Chinese regulators summoned Ant for meeting on April 12  — Ant to fold all financial operations into holding firm

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