(Reuters) – Ant Group Co has agreed on a restructuring plan with Chinese regulators under which the fintech giant will be turned into a financial holding company, according to Bloomberg News.
The plan calls for putting all of Ant’s businesses into the holding company, including its technology offerings in areas like blockchain and food-delivery, according to screenshots of the story shared by Bloomberg subscribers on Wednesday.
(Reporting by Bhargav Acharya in Bengaluru; Editing by Edmund Blair)
Read the original article on Business Insider
Powered by WPeMatico
