Tue, Jan 05, 2021 – 9:10 AM
[HONG KONG] The future of Ant Group remains up in the air after its dramatic fall from grace. Regulators seem to have stopped short of dismantling it and the company is considering a transition to a financial holding company, willing to be regulated like a bank. It’ll be tough. What could Ant ultimately look like?
Bank-like companies don’t command tech-like valuations. Unless, of course, you’re in the booming consumer finance market in China, which is expected to hit three trillion yuan (S$612.70 billion) in volumes over the next four years. That’s where credit
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