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Jack Ma’s Ant Group Gets Regulatory Nod For $1.5 Billion Capital Increase Plan

Por: Forbes Business January 04, 2023

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Jack Ma, co-founder of e-commerce giant Alibaba and fintech giant Ant Group. (Photo by Chesnot/Getty Images)Getty Images Chinese billionaire ’s Ant Group won regulatory approval to boost the registered capital of its consumer finance unit by 10.5 billion yuan ($1.5 billion), a move suggesting progress in the fintech giant’s efforts to restructure its operations to satisfy authorities’ demands. Chongqing Ant Consumer Finance, which was... + full article



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