Ant Group Shuts Mutual Aid Platform Xianghubao Amid Crackdown
Ant Group’s mutual aid health-care platform Xianghubao will cease operations from January 18, 2022, following similar moves by other internet giants, including Meituan and Waterdrop Inc. The closure is the latest of its kind amid China’s crackdown on the fintech business.
Xianghubao said that existing members wouldno longer be able to…
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