Chinese regulators are seeking to break up Alipay, the popular payments app from Jack Ma's Ant Group, according to a new report by the Financial Times.
Chinese regulators are seeking to break up Alipay, the popular payments app from Jack Ma’s Ant Group, according to a new report by the Financial Times.
Earlier this year, Alipay was forced to set up a separate consumer-finance company that will hold Ant’s two credit services, Huabei and Jiebei.
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