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Ant gets approval to expand its consumer finance business

Por: CNBC Tech January 04, 2023

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Regulatory scrutiny forced Hangzhou-based Ant Group to abruptly suspend its massive IPO plans in 2020.Vcg Visual China Group Getty ImagesBEIJING — Ant Group's consumer finance unit has received approval to more than double its registered capital, a sign of progress in resolving regulators' concerns.Since the abrupt suspension of its massive IPO in late 2020, Ant has been working with Chinese regulators to restructure its business.... + full article



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