Ant group sees fine from China over $1 bln, suggesting overhaul is almost done
Six sources with first-hand familiarity with the situation stated that Chinese authorities are prepared to punish Jack Ma’s Ant Group more than $1 billion, which would put a stop to the fintech business’s two-year regulatory makeover.Five of the sources identified the regulator preparing the fine as the People’s Bank of China (PBOC), which had been […]