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Why Did Alibaba’s Ant Group Lower Credit Limits for Young Users?
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Why Did Alibaba’s Ant Group Lower Credit Limits for Young Users?

Dec 24, 2020
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Why Did Alibaba’s Ant Group Lower Credit Limits for Young Users?
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(Source: CGTN)

China’s financial technology giant Alibaba’s Ant Financial Service Group Co. cut credit limits for some young users on its digital consumer lending platform Huabei in recent days. The firm claims that this approach was intended to “promote more rational spending habits among young people.”

A month after China suspended Ant Group’s $37 bill…

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