Everything about China's Innovation

The Chinese government recently ordered a structural reform of Jack Ma’s Ant Group. Under the direction of China’s central bank, regulation authorities have set up stricter requirements for Ant Group and demand the Fintech company cut ties with its popular payment app Alipay. Ant Group will thus turn into a financial holding firm, which will significantly impact its valuation and profitability prospects.

The Chinese government recently ordered a structural reform of Jack Ma’s Ant Group. Under the direction of China’s central bank, regulation authorities have set up stricter requirements for Ant Group and demand the Fintech company cut ties with its popular payment app Alipay. Ant Group will thus turn into a financial holding firm, which will significantly impact its valuation and profitability prospects.